Trump casts a shadow over US swap stays legislation
Changes to agency heads could delay or derail a vital part of bank resolution rules
Donald Trump has repeatedly stated his intention to repeal significant elements of post-crisis financial regulation and promised “close to a dismantling” of the Dodd-Frank Act, but what this means in practice remains unclear. In the midst of this uncertainty, the Federal Reserve is trying to finalise a regulatory change that touches on the Dodd-Frank approach to tackling failed banks.
The new administration’s attitude towards resolving too-big-to-fail banks under the orderly liquidation
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