Former UK regulator urges Trump not to scrap Wall St reform
The United States must not scrap bank capital requirements introduced at the height of the financial crisis aimed at avoiding more taxpayer bailouts of lenders, an architect of the rules said on Wednesday. U.S. President-elect Donald Trump has said the "sprawling and complex" Dodd Frank reform of Wall Street banks passed in 2010 has failed to live up to promises to boost growth. "I think it would be very unfortunate if there is any significant rollback of the regulation which was introduced over
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