KBW CEO Michaud: What Trump Means for Bank Regulation

The video discusses potential changes in financial regulations under Donald Trump's administration, focusing on the repeal of Dodd Frank and the reintroduction of Glass Steagall. It explores the impact of these changes on big and small banks, the role of the CFPB, and the $50 billion regulation threshold. The discussion also covers market reactions and the economic implications of these regulatory adjustments.

What major financial regulation does Donald Trump want to repeal?

• Sarbanes-Oxley Act

• Dodd-Frank Act

• Gramm-Leach-Bliley Act

• Bank Holding Company Act

What is a significant feature of the Consumer Finance Protection Bureau (CFPB) discussed in the video?

• It reports directly to the President

• It is funded by Congress

• It operates independently without reporting to any governing body

• It is part of the Federal Reserve

What is the $50 billion threshold in Dodd-Frank associated with?

• Higher interest rates

• Additional regulatory requirements

• Increased lending opportunities

• Lower tax rates

How do smaller banks benefit from higher interest rates compared to larger banks?

• They receive more spread income

• They have more diversified portfolios

• They have lower operational costs

• They are less regulated

What is the legislative approach towards Dodd-Frank as discussed in the video?

• Complete repeal and replacement

• Amendment and modification

• Expansion of its provisions

• Ignoring its regulations