BoE's Woods doubtful that Trump presidency will ditch financial rules

There is no real evidence that the United States will abandon key financial regulation under President Donald Trump, a top Bank of England official said on Wednesday. Trump, who takes office in January, has said he wants to ditch parts of Dodd Frank, a core reform of Wall Street that includes rules on bank capital requirements. BoE Deputy Governor Sam Woods said U.S. bank shares have risen on the prospect of a lighter touch regime.