“Final rule” aims to prevent mass unravelling of financial contracts should one major institution fail
The U.S. central bank has also unveiled plan to reduce bond holdings later this year
Most economists expect the U.S. Federal Open Market Committee to raise interest rates at this week’s Fed meeting
Legislative proposals would diminish the appeal of the U.S. dollar as a reserve currency
Rolling back some of the post-financial crisis reforms would increase the likelihood of a disorderly wind-down of a failed systemically important bank
Rising interest rates and a friendly regime in Washington could set the stage for healthy profits at many U.S. banks
The legislation would weaken reforms put in place by the Dodd-Frank Act in response to the financial crisis
Although a full retraction of the Dodd-Frank reforms are not expected, certain provisions of the rule may face substantial revision
The regulator, which published its list of priorities for 2018, will also examine wrap programs and the possible exploitation of senior investors
These advisors are also not concerned about regulatory changes, such as the new conflict of interest rule, and rising competition from robo-advisors