Welcome to planet Trump

Author: Edward Price | Published: 26 Jan 2017

What does the 45th president of the US have in store for financial institutions and their regulators?

Panem et circenses. Bread and games. That 2,000-year-old Latin phrase suggests that leadership is best considered a matter of crude populism. But while it perhaps captured the essence of US politics in 2016, in 2017 it will pose an entirely different challenge. Populist or otherwise, this year firms must dig down into what exactly Donald Trump's victory means for the US economy, government and law. And unlike the gladiatorial games of the past, the task will be very far from popular entertainment.

There's the administration's incoherent but potent deregulatory stance. During 2016, candidate Trump signalled, as did congressional Republicans, a strong desire to unwind much of then-president Barack Obama's legislative and regulatory agenda for financial services. And, if recent events are anything to go by - Trump's first move as president on...


 

 

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