Reforms, the note said, “will likely come through changes to existing rules as well as the interpretation and application of outstanding regulation.”<br />The bank, which has seen its own stock rise since the election, suggests<br />that “about $200 billion of excess capital could be deployed in 2018 as a result of changes in regulatory capital requirements.”<br />Capital requirements are largely governed by the Federal Reserve, meaning they could be adjusted without congressional approval.<br />The presidency of Donald J. Trump — the wealthiest businessman to occupy the White House in recent memory — has ushered in a new paradigm, one in which business<br />and government are married in a way never seen before.<br />Even if Mr. Trump’s team doesn’t try to change regulations (and they already have, in industries like energy<br />and telecommunications), they may show little interest in enforcing existing regulations, which, in and of itself, could have a significant impact on the way business is run.<br />And while there are significant questions about whether their experience in business will translate in Washington — and to the Regular Joe who supported Mr. Trump — their focus on issues<br />that relate to the economy and their reverence for increasing G. D.P.<br />“Dodd-Frank’s impact is often overstated.”<br />The law firm encouraged Mr. Trump to appoint people who have the goal of “countering the prevailing<br />regulatory philosophy,” meaning they oppose the approach taken under President Barack Obama.<br />“We are absolutely destroying these horrible regulations<br />that have been placed on your heads,” Mr. Trump declared on Tuesday in Washington to a group of chief executives representing companies like Citigroup, MasterCard and JetBlue.
