In the few days since the presidential election was decided late Tuesday evening, there has been much speculation as to how the result will affect the banking industry. Does an Obama re-election mean more regulations for the industry? Does this mean key aspects of Dodd-Frank will not be overturned? And how will the outcome affect the economy? Bank Systems & Technology has compiled some of the best quotes from the financial services industry about how the election results may affect the future of banking.
November 09, 2012
3. Dodd-Frank Momentum
Romney victory could have stopped in their tracks some of unfinished post-crisis rulemakings. With the President re-elected, that barrier is gone.
— Guggenheim Securities analyst Jaret Seiberg, opining that the Obama victory will give new momentum to efforts to implement key aspects of the Dodd-Frank Act.
Source: Market Watch
