'We made all these rules, we’re not even done in terms of implementation, I say stay the course', Moynihan, 56, said in a Bloomberg Television interview with Erik Schatzker that aired Thursday. 'It’s made the industry tremendously more' safe and simple.
Bank lobbyists and Republicans have pushed to erode provisions of the Dodd-Frank Act since it was signed into law by President Barack Obama in 2010. Some aspects of the legislation, such as the Volcker Rule against proprietary trading, are consistent with the strategic overhaul Moynihan made since taking over as CEO, he said.
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