Repealing Dodd-Frank: understanding the revised Financial CHOICE Act (Premium)
The US House of Representatives Financial Services Committee recently passed a revised Financial CHOICE Act for discussion. This is the big Republican plan for repealing/replacing Dodd-Frank rules, including the proposed off-ramp for banks to get rid of OTC derivatives rules and accept a 10% Leverage Ratio (with no RWA). Following our deep dive into the original CHOICE Act in January 2017, we provide here a review of the updated proposal. This content requires registration. Get access today by signing up here.