President Donald Trump ordered a sweeping review of the Dodd-Frank Act because he believes it has made it extremely difficult for businesses to get financing. The order will give the new administration time to review the change, known as the fiduciary rule.
Under the executive order, for each new rule created, federal agencies must identify at least two to be repealed, and the total incremental cost of all new regulations needs to be zero, according to the directive.
The main question is will a new era of de-regulation increase systemic risks and ride the greed wave? Many of the regulations were enacted as a post-event lesson.
What would be an impact of such de-regulation on global financial stability?
Please share your thoughts in the comments below.