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Cohn: Congress will ‘hopefully’ pass bank reg overhaul within months

Summary:
This reform is on the back burner for now.  Cohn is now thinking by end of first quarter '18: Cohn said on Bloomberg News that the Senate bill to roll back the Dodd-Frank Act would "hopefully" see floor time in January and pass the House “in the first quarter of this year.” The draft legislation has included some stability increasing capital exemptions for non-risk assets. White House economic adviser Gary Cohn expects Congress to pass legislation within three months to roll back #DoddFrank. #regrelief https://t.co/eKaYxv8lQ9 — Tennessee Bankers Association (@TNBankers) January 9, 2018

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This reform is on the back burner for now.  Cohn is now thinking by end of first quarter '18:

Cohn said on Bloomberg News that the Senate bill to roll back the Dodd-Frank Act would "hopefully" see floor time in January and pass the House “in the first quarter of this year.”

The draft legislation has included some stability increasing capital exemptions for non-risk assets.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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