= Subscriber content; or subscribe now to access all American Banker content.

Dodd-Frank Reform Watch
Sponsored by

Will the Election Results Speed Up Dodd-Frank Implementation?

"Although regulators claim not to be caught up in presidential politics, many observers argue the banking agencies have been holding off on finalizing controversial provisions of Dodd-Frank until after the election," write American Banker's Washington bureau editors.

With the uncertainty of the election behind them, regulators may now speed up implementation efforts, finalizing rules on the qualified mortgage rule, qualified residential mortgages and the Volcker rule.

Is there any upside for opponents of the legislation? Possibly. Some argue with the election politics aside Democrats may be in a less defensive and more pragmatic stance on implementation.  

"Reelection could give them the benefit of perhaps recognizing unintended consequences and adapting accordingly," said John Bowman, a former acting director at the Office of Thrift Supervision.

The Democrats are now thinking Dodd-Frank and healthcare are “secure enough you can move from defensive posture to how do we make things work," says Mark Calabria of the Cato Institute.

For the full piece see "Five Post-Election Questions on Bank Policy" (may require subscription).





Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.