”Get ahead of a fast-moving political environment with this quick read on one big thing to watch in the month ahead coming out of Washington, D.C. The Trump administration begins to flex its muscle on regulation: One major pillar of the Trump administration’s policy agenda is now coming into focus – regulatory change. Nowhere is this approach more apparent than among financial regulators as they begin to issue guidance and gear up to release their Spring Regulatory Agendas. Before diving into what the Trump 2.0 administration is expected to do in financial markets, here’s a quick explainer on guidance vs regulation. What is the difference between regulation and guidance? Regulation is binding, requiring a formal consultation with the public before it can be finalized, and again if it is revoked. Promulgating regulation takes executive agencies time, usually multiple months, if not years.”
Morten W. Langer
