Trump's first 100 days
Ten key points from Trump's first 100 days.
Last week, the Treasury Department released its highly anticipated report on financial regulation in response to President Trump’s February Executive Order. The report analyzes regulatory requirements against the Administration’s “Core Principles” and makes recommendations to streamline and rationalize post-crisis regulations that have cast a wider-than-desired net over the financial system.
The recommendations were largely unsurprising and did not represent a large scale rollback of the Dodd-Frank Act as suggested in some Administration rhetoric. Any statutory changes will be slow, but as we predicted in November, many of the recommendations will be directly enacted by the regulatory agencies. This sentiment was confirmed today as regulators from the Fed, FDIC, and OCC testified before the Senate Banking Committee that they have leeway to change regulations that their agencies administer.
A publication of PwC's financial services regulatory practice