US President Donald Trump signed an Executive Order on 3rd February 2017 to review the 2010 Dodd-Frank financial regulations, which were brought in to prevent another 2008 financial crisis. Simon French, Panmure Gordon’s chief economist, explains that “The Executive Order is more a set of principles to guide deregulation efforts. However recent testimony from senior Trump officials have suggested that legislation will look to revoke the ring-fencing of retail assets (deposits), which can no longer be used as collateral for investment activities – the so called Volcker Rule.”
President Donald Trump’s 7 principles for reform are revealed. #YearInReview
Published by The Kurtosys Blog on 19th April 2017, but no longer available online. Author: Graham Jarvis.


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