US regulatory rollback is a work in progress

Author: | Published: 5 Mar 2018

The Trump administration has been working through its plan to reduce regulatory burdens for financial institutions – with various consequences

The new administration began with a roar of regulatory rollback enthusiasm amidst calls for the repeal of the Dodd-Frank Act. This early zeal for regulatory overhaul was fed by the issuance of several executive orders; however, the first year of the Trump administration has been marked by incremental, rather than radical, change. Most of the change has been brought about by the banking agencies rather than through congressional action. The modest tweaks to and tinkering with regulations adopted as a reaction to the financial crisis that have been proposed by the banking agencies should be viewed as an inevitable and natural return to a more balanced regulatory approach, which would not have been possible in the immediate aftermath of the crisis....