US financial regulation outlook.
President-elect Donald Trump can make a decisive imprint on the financial regulatory institutions and practices of the United States. By selecting individuals who share the free-market principles he seeks to promote, he can reshape the personnel at key agencies. In tandem, he can work with the Republican-controlled Congress to enact new legislation delimiting regulatory agencies’ brief, authority and resources.
Presidential appointees to head agencies will determine what issues are prioritised and how interventionist policy will be.
A Trump SEC chair appointee is likely to encourage a return to industry self-policing over federal scrutiny and enforcement.
Backsliding by US regulators could have a negative knock-on effect for international Basel IV negotiations.
