Can banks keep their reg relief winning streak alive?
By Neil Haggerty
In the past two weeks, the industry celebrated a rollback of key Dodd-Frank Act provisions, and regulators proposed easing the Volcker Rule. But a continuing question is whether policymakers have the appetite to provide more regulatory relief. The biggest question mark is in Congress. House Republicans accepted the Senate’s targeted Dodd-Frank bill, which just became law, with the understanding that senators will separately consider more extensive relief measures passed by the House. …“If you look … at the Democratic statements about the” regulatory proposal, “they are strongly opposed to the Volcker actions,” said Karen Shaw Petrou, managing partner of Federal Financial Analytics. “I think it’s going to be a challenge.” As for other de-regulatory provisions that lawmakers might try to attach to appropriations, Petrou said it’s sort of a toss-up. “It’s so hard to call what might make it in or not,” Petrou said. She said it ultimately becomes a “lobbying exercise.”