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Trump's Wall Street game plan needs players 

June 14, 2017

Pete Schroeder & Lisa Lambert, Reuters

"Wall Street banks on Tuesday cheered U.S. President Donald Trump's plans to loosen the leash put on them in the wake of the 2008 financial crisis but they do not expect significant change any time soon.

The Trump administration has said the bulk of its plan for overhauling bank regulation can be done via executive order and through regulators, rather than requiring legislation from Congress. But Trump is months away from installing top officials at key regulatory posts to carry out his agenda.

"We won't see policy changes before the end of the year," said Rich Foster, senior counsel for regulatory and legal affairs at the Financial Services Roundtable, a trade group."

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