WASHINGTON—Banks can expect to see significant further relief from postcrisis rules in 2018 after the final Trump-appointed leader is seated at the nation’s banking regulators later this spring. Ms. McWilliam’s arrival likely will coincide with the completion of a bill in Congress aimed at easing crisis-era banking regulations, another catalyst for changes to the financial rule book. The Volcker RuleMandated by Dodd-Frank, the rule bars banks from speculative trading or buying into potentially risky investment funds. The Fed also views changing the overall leverage ratio as one of its “highest-priority, near-term initiatives,” Mr. Quarles has said. The retail banking industry is undergoing another major shift, and the future looks high-tech, sophisticated, and, for big banks, very urban.

Source: Wall Street Journal March 27, 2018 09:30 UTC