It has taken seven years to put in place the regulatorystrictures imposed on Wall Street after the financial crisis. Theywon't be removed fast or easily.

President Donald Trump's directive Friday that set in motion ascaling back of the Dodd-Frank Act was more pageantry than policy,said lawyers and former government officials who worked on the 2010law. While the expectation for quick action sent bank stocks higherFriday, numerous roadblocks remain before lenders get relief.

Chief among the hurdles is that Trump doesn't have any of hisappointees running the agencies that oversee financial rules.Congress, too, will have to pass new legislation for manyDodd-Frank regulations to be eased. And the president's decision toput two former Goldman Sachs partners in charge of the effort —less than a decade after the bank's traders helped bring theeconomy to the edge of collapse — galvanized opposition fromDemocrats.

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