Nov 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.
Scott Cammarn, Mark Chorazak, Jonathan Watkins,Chris Gavin, Joseph Beach, Peter Morreale
Richard Brand, Stephen Fraidin, Jonathan Watkins, James Fee
Michele Maman, Thomas Curtin, Anthony De Leo, Donny Ariel
CREFC is the trade association for the commercial real estate finance industry.