Summary of Biggest Financial Regulation Stories of 2017, and What to Watch in 2018

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Biggest Financial Regulation Stories of 2017, and What to Watch in 2018 summary
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Amid campaign calls for a border wall, tax reform and Obamacare repeal, one of Donald Trump’s signature election promises involved undoing the Dodd-Frank Wall Street Reform and Consumer Protection Act. During 2017, Trump mostly used executive orders to roll back the previous administration’s regulatory architecture, but he largely ignored Dodd-Frank. Yet the broad strokes of financial deregulation have set the stage for more reforms in 2018, according to policy experts Martin Neil Baily and Aaron Klein. getAbstract recommends this informative primer to finance professionals looking for insights into the regulatory landscape. 

About the Authors

Martin Neil Baily is a senior fellow and Aaron Klein is a fellow at the Brookings Institution.

 

Summary

The Trump administration used its first year in office to begin loosening the regulatory agenda of the Obama years. While policy experts believed that the Dodd-Frank Wall Street Reform and Consumer Protection Act was on the immediate chopping block, Trump instead focused on fulfilling his campaign promise of reducing the regulatory weight encumbering the financial community.

In 2018, officials anticipate more reforms, but a sweeping overhaul of Dodd-Frank is not in the cards. Instead, preliminary indications suggest that Congress ...


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