Here’s What Won’t Change in Bank Regs After the Election
By John Heltman
WASHINGTON — No matter the outcome of the divisive 2016 election, the many regulations still in the pipeline from banking regulators are not going to come to a screeching halt when the next president takes the helm in January…. Karen Shaw Petrou, managing partner at Federal Financial Analytics, noted that the transition from the Reagan administration to the George H.W. Bush administration occurred in the midst of a recession and at the height of the savings and loan crisis. The most recent administration change came amidst the near-collapse of the international financial system.”We don’t really have a good model here,” Petrou said. “The [George W. Bush] to Obama transition in the fourth quarter of 2008 was in the midst of a hellish financial situation. There wasn’t the continuity of construct because everything had blown up — there was nothing to continue.”