“America First” Financial Regulation?
As US President Donald Trump struggles to fill his administration with sympathizers who can help to transpose tweets into policy, financial regulation has entered a period of high uncertainty – and high anxiety for policymakers. Will Trump maintain international cooperation, or seek to wall off the US from global rules.
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LONDON – As US President Trump struggles to staff his administration with sympathizers who will help transpose tweets into policy, the exodus of Obama appointees from the federal government and other agencies continues. For the financial world, one of the most significant departures was that of Daniel Tarullo, the Federal Reserve governor who has led its work on financial regulation for the last seven years.