Goldsmith detailed his views on bank regulation, the Financial CHOICE Act that recently passed in the U.S. House of Representatives and City National's expansion.
He specifically pointed to:
- The need for reform, but not outright repeal, of Dodd-Frank legislation.
- Concerns about the proposed rollback of state and local tax deductions.
"It's a good time to review Dodd-Frank," Goldsmith said. "When banks are managed prudently, they could have a little more room to foster job growth, to foster business."
Goldsmith also pointed out that City National never made sub-prime mortgages or sold toxic securities. "Our parent, RBC, has a similar track record of great integrity," he said.