Wall Street’s outgoing regulatory czar: Leave Dodd-Frank alone
by Donna Borak
The Federal Reserve’s regulatory czar departs Wednesday, potentially clearing a path for President Trump to loosen the rules governing Wall Street. But before Daniel Tarullo walks out the door of the U.S. central bank, he’ll have some parting advice for the Trump administration: Leave Dodd-Frank alone. …But Karen Shaw Petrou, a managing partner at policy analysis firm Federal Financial Analytics, said any proposed changes would stop short of a complete overhaul. “Even if the Trump administration’s appointees to the Fed seek to dismantle much of this — and I suspect they will — change will take time and only partially restructure the rules that have totally redefined American finance,” Petrou told CNNMoney.