Questions about deregulation have circled the financial landscape since President Trump stepped into office—with much buzz about the potential repeal of the Wall Street Reform and Consumer Protection Act, commonly called the Dodd–Frank Act. A.T. Kearney cuts through the layers of legislation and speculation to explain the regulation and its likely future.
Trump campaigned on the promise of sweeping deregulation. During the first 40 days of his presidency, the stock market reached record highs, driven by the anticipated unraveling of Dodd–Frank. But despite the rhetoric, the likelihood that the act will be repealed is extremely low. With change not likely to come as quickly or as easily as expected, the stock market has pulled back slightly. However, key elements of the act will be targeted, and revisions are looming.
Amid this uncertainty, many companies are uneasy. To forecast the future of regulatory policy, A.T. Kearney draws on extensive research and ongoing discussions with financial leaders in banking, payments, and insurance. Our overview of Dodd–Frank along with insightful industry perspectives sheds light on what is likely to change.