Trump Puts Two Dodd-Frank Powers on Hold in Symbolic Move
By Ryan Tracy
President Donald Trump signed three executive actions directing a review of tax and financial-regulatory policies, including a symbolic move shelving two major powers the executive branch holds under the 2010 Dodd-Frank financial overhaul law. …The policy analysis firm Federal Financial Analytics, Inc. issued a note saying Friday’s action “will make market participants and foreign regulators far less certain that the U.S. will quickly act to stabilize its financial market in the event of a large institution’s…imminent collapse.” That “will make global cooperation far less likely” on financial rules and could put pressure on European officials to impose stricter rules on U.S. institutions operating within their borders, the firm said.