The Republican-run House Financial Services Committee is putting forth the Financial CHOICE Act, the GOP’s sweeping alternative to the Dodd-Frank Act, which would take financial services reform in a direction more in line with the Trump administration’s goals. As the bill makes its way through Congress, some of the initial aspects of the bill, dubbed… Read More >>
How Harmful is Knee-Jerk Deregulation?
(Editor’s note: David Bailey, group head of marketing and communications, Augentius, spoke to FTF News about the need for transparency among the general partners, limited partners and regulators, particularly as the CHOICE Act bill, a Republican alternative to the Dodd-Frank Act, is proposing cut the SEC registration requirement for private equity investment advisers. The private… Read More >>
Trump Directive Could Help ‘CHOICE Act’
In what is turning out to be a pattern, President Donald Trump chose to issue major directives on a Friday, and in this case, he signed documents intended to repeal key areas of regulation of the financial services industry. The president hinted at what was to come later on Friday, Feb. 3, during remarks for… Read More >>
Meet the New Czar of Wall Street Regulation
Until recently, Congressman Jeb Hensarling, a Republican from Texas, was not that well known outside the beltway in Washington, D.C., and the hallways of Wall Street firms. But that is rapidly changing. Given the GOP’s control of the federal government, Hensarling may well become the sworn enemy of U.S. Senator Elizabeth Warren, the divisive Democrat… Read More >>
‘Trump’-ing Dodd-Frank Would Be a Huge Effort
(Editor’s note: President-Elect Donald J. Trump and his new administration will be juggling many new policy issues, including changes to the financial services reform efforts that began under the Obama administration. In this first part of a two-part series, FTF News has asked industry analysts what market structure changes they think may come from the… Read More >>
Ops Issues Lost in the Horrible Hoopla
The U.S. race for president is becoming an odd mix of entertainment and a train wreck that you can’t stop watching. Yet, while everyone’s emotions are being run ragged, there are some issues related to securities operations that quickly got lost in the horrible hoopla. The first securities Ops issue that I thought would be… Read More >>
Even the GOP Worries about TBTF
It only took six years but the Republicans have finally issued a response to the much-maligned Dodd-Frank Act, and there was a disturbingly familiar refrain amid the rants of the Republican chairman of the House Financial Services Committee, Texas Congressman Jeb Hensarling, who is the proponent of the GOP alternative. To recap, moving from the… Read More >>
House Financial Services Chair Offers Plan to Gut Dodd-Frank
The Republican chairman of the House Financial Services Committee, Texas Congressman Jeb Hensarling, has unveiled a plan to repeal the Dodd-Frank Act, which he has called a “grave mistake,” and replace it with the Financial CHOICE Act. CHOICE, in the Hensarling plan, is an acronym for Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs…. Read More >>
