Deregulation Hopes Rise In U.S. but Europe Remains Unclear

Deregulation to make a return under Trump? In nearly a decade since the Global Financial Crisis, much of the regulatory landscape has changed. The U.S. passed the Dodd-Frank Act while the EU enacted over 40 different laws to tighten regulations. Still, the process is vast – the Dodd-Frank act contains 2,300 pages – and several details remain to be worked out on top of broader laws. Consequently, many pieces of the regulatory puzzle still remain in the pipeline – with huge consequences. For example, about $850 billion exited Prime money market funds this summer in response to new SEC money…