November 11, 2016
Scott Cammarn and Steven Lofchie comment in IFLR about President-elect Donald Trump and Dodd-Frank:
“Mr. Trump say's he's going to repeal and replace Dodd-Frank, and that's certianly possible - but it's harder than you might expect," said Scott Cammarn. Accordingly, Cammarn said, the repeal talk should be seen as perhaps an aspiration or a proposed direction, on the grounds of the obstacle presented by the Senate democrats and how long the law's been on the books. "Much of Dodd-Frank is already ingrained in US banking regulation," he said.
"It's not practical to speak of repealing Dodd-Frank and only thereafter make changes: you start from where you are," said Steve Lofchie.