1/2/17 - Gene Ludwig Talks with The Banker on Outlook for Financial Regulation
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1/2/17 - Gene Ludwig Talks with The Banker on Outlook for Financial Regulation

Promontory CEO Gene Ludwig discussed the outlook for financial regulation under the new administration with The Banker.

“The US regulatory agenda for financial services is highly dependent on the individuals sitting in the key seats. These are the types of issues that, unless you are in a crisis, the president typically doesn’t personally get involved in,” says Gene Ludwig, CEO of Promontory Financial Group and former chief of the Office of the Comptroller of the Currency (OCC).

Regarding the industry’s desire for changes to existing regulation, Ludwig said: “Now that a lot of the regulations are in place, I think the industry realises that stripping them out only to have them reimposed in a different shape or form, and against a new political environment with different attitudes, will... create costs.”