After the Midterms: What Could a Changing Washington Mean for Financial Services Compliance?

The US midterm elections could reshape the balance of power in Washington, but what could a shift in the House or Senate actually mean for financial institutions and the regulatory environment in which they operate? Join Bloomberg experts for a discussion examining the possible outcomes of the midterms and what they could mean for financial services. We’ll start with the political and macro picture, exploring the scenarios that could emerge from election night and how a changing balance of power could influence the direction and pace of financial regulation. From there, we’ll turn to the practical implications for financial institutions. -Could a change in Washington lead to a shift in enforcement or supervisory priorities? -How would a change in congressional control bring greater scrutiny of the Administration’s financial regulatory agenda or redirect congressional oversight and investigative priorities? -And how should firms think about their compliance investments amid political and regulatory uncertainty? While political priorities can change, compliance obligations rarely move in one direction everywhere at once. For global financial institutions in particular, evolving US policy is only one part of an increasingly complex international regulatory landscape.