奥纬咨询（Oliver Wyman）：2021年美国金融监管报告（英文版）（12页）.pdf

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1、Douglas J. ElliottFINANCIAL REGULATION POST-INAUGURATIONFebruary 2021 UpdateJanuary brought us major political developments and more information about the policies of the Biden Administration. The impact on financial regulation, however, should be substantially smaller than for many other policy are

2、as. Legislation about financial regulation remains unlikely, although a tax on the largest banks could be part of any tax changes. Nominees are now likely to skew somewhat more progressive than before the Democrats took control of the Senate, but moderates will likely still play the larger role over

3、all. Congressional oversight hearings will push regulators more in the progressive direction, now that Republican-led hearings will not occur to pull in the other direction. None of these differences are likely to be huge, nor should the major regulatory emphases shift from what was already expected

4、. This paper lays out the structural changes since my December 2020 paper and their implications for financial regulation, followed by an updated version of my overall views on what the new team is likely to do in this area.THE BIG PICTURE STRUCTURAL CHANGESThe Senate elections in GeorgiaWinning bot

5、h US Senate seats in the run-off elections in Georgia on January 5th gave Democrats significantly more control over their own fate, although there remain strong limits on their ability to enact partisan priorities. The clearest advantages are procedural, but highly important. Democrats will now larg

6、ely control which bills are considered on the floor of the Senate and House. In addition, the committee chairs will all be Democrats and they will control what investigations and oversight hearings are conducted.This procedural power should not be underestimated. For example, it is pretty clear that