Beltway Confidential

Dodd-Frank regulations help Goldman Sachs gain market share

By Timothy P. Carney
Published April 28, 2014 4:00am ET
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Dodd-Frank regulations help Goldman Sachs gain market share
A trader works in the Goldman Sachs booth on the floor of the New York Stock Exchange. (AP Photo/Richard Drew) | Richard Drew

“We will be among the biggest beneficiaries of reform,” Goldman Sachs CEO Lloyd Blankfein said of the 2010 Dodd-Frank financial regulation bill, which was supposed to be a broadside to Wall Street.

Today, we get a hint how Goldman benefits: Regulations crowd out competitors, giving Goldman a bigger share of the regulated markets.

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Dodd-Frank Act Goldman Sachs Timothy P. Carney Wall Street