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More Rules Targeted in Dodd-Frank Rollback

February 13, 2017, Agenda

Keir Gumbs is quoted in an Agenda article regarding the Trump Administration’s rollback of Dodd-Frank. According to Gumbs, “I don’t think there’s any doubt that some of the Dodd-Frank rules that were not clearly connected to the financial crisis are going to either be gone or significantly reduced. The question is, will they be gone or reduced, and if so, how quickly?” Gumbs adds that the reversal process could take months to complete. “If Republicans wanted to short-circuit that, it would take legislation, passed by the House, approved by the Senate and signed by the president. It could take weeks or take a year. It just depends how strong the sentiment is.”

Gumbs also advises, “Boards shouldn’t overplan for these regulations to go away. But more than ever, boards should talk to public policy people and their managements about how these changes impact the strategies that they’ve laid out over the past three or four years.”

 

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