Post-crisis rules have created new challenges for Trump-appointed regulators as they look at recalibrating the financial rule book, but the vast majority of the 2010 Dodd-Frank Act is not going anywhere, Securities and Exchange Commission chairman Jay Clayton said Monday.
Speaking at The Wall Street Journal’s CFO Network annual meeting in Washington, Clayton said that regulators are evaluating how post-crisis rules have performed in practice, and that he had concerns about some of the unintended side effects from some regulations. But any changes will be around the edges, keeping the core of post-crisis overhauls in place, he added.