The next wave of financial deregulation
Frank Franklin II / AP
Wall Street Journal lead story, "Trump Chips Away at Postcrisis Wall Street Rules" by Ryan Tracy and Dave Michaels:
- "Efforts toward financial deregulation are beginning to take concrete shape on rules governing trading desks, bank boardrooms, corporations' financial disclosures and more. Nearly seven months into the Trump administration, regulators are setting the stage for a wave of eased rules."
- Why it matters: "The moves show that while President Donald Trump is struggling to advance his legislative agenda in Congress, his administration has begun laying the groundwork to change some of the myriad rules that Wall Street has sought for years to overturn or water down."