Financial CHOICE Act Increases Too Big To Fail Risk – Moody'sMark Melin
The Financial CHOICE Act of 2017, a rollback of Dodd-Frank regulations placed upon banks in particular, would be negative for the bank’s creditworthiness, according to a Moody’s report. The debt ratings agency particularly questions the repeal of the Dodd-Frank provision that leads to an unwinding of the banks in an “orderly” fashion during a crisis period. The legislation represents “a return to greater risk-taking,” while only providing partial offset by reducing . . .
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