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Trump cancels financially decree to Obama and modifies Last
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Sat, 04 Feb 2017 09:16:41
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President Bush, Donald Trump took place on Friday February 3, two decrees to maintain the growth of the economy in the United States.
According to "CNN" American Network, one that decrees that includes amendments to the law, "Dodd-Frank" to Wall Street Reform and Consumer Protection, which limits access to the financial resources of the country.
This is the first step which provides the Trump to reduce the regulation of financial services in the United States. After describing "Dodd-Frank" last week as "a disaster," adding, "We are going to do a review of the Dodd-Frank."
And "Dodd-Frank" protocol introduced in 2010 by former US President Barack Obama, was launched by the Committee of trading US futures commodities in the consequences of the financial crisis in 2008. The aim of consumer protection from dangerous behaviors, exploitation and financial loss.
Trump's management believes that the "Dodd-Frank" did not achieve the goal of it, pointing out that an example of excessive government control.
The second decree, signed by Trump, is the abolition of Barack Obama's decree on financial advisory, with Obama last year signed a decree calling for brokers and other financial advisors to act strictly to achieve the client's interest, not the interest of their institutions. It was scheduled to enter the decree into effect in April / May, while criticized by representatives of the financial industry, the decree, arguing that its implementation could cost companies tens of billions of dollars.
http://www.jumhuriya.news/news.php?id=7785
[ltr]
Sat, 04 Feb 2017 09:16:41
[/ltr]
President Bush, Donald Trump took place on Friday February 3, two decrees to maintain the growth of the economy in the United States.
According to "CNN" American Network, one that decrees that includes amendments to the law, "Dodd-Frank" to Wall Street Reform and Consumer Protection, which limits access to the financial resources of the country.
This is the first step which provides the Trump to reduce the regulation of financial services in the United States. After describing "Dodd-Frank" last week as "a disaster," adding, "We are going to do a review of the Dodd-Frank."
And "Dodd-Frank" protocol introduced in 2010 by former US President Barack Obama, was launched by the Committee of trading US futures commodities in the consequences of the financial crisis in 2008. The aim of consumer protection from dangerous behaviors, exploitation and financial loss.
Trump's management believes that the "Dodd-Frank" did not achieve the goal of it, pointing out that an example of excessive government control.
The second decree, signed by Trump, is the abolition of Barack Obama's decree on financial advisory, with Obama last year signed a decree calling for brokers and other financial advisors to act strictly to achieve the client's interest, not the interest of their institutions. It was scheduled to enter the decree into effect in April / May, while criticized by representatives of the financial industry, the decree, arguing that its implementation could cost companies tens of billions of dollars.
http://www.jumhuriya.news/news.php?id=7785
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