CWT: focus on Trump’s appointments

Author: Edward Price | Published: 28 Nov 2016

Donald Trump’s election victory has caused the market to seek out answers regarding the regulatory implications of his appointment. And according to a research memo from partners at Cadwalader, Wickersham & Taft, the key is studying not Trump himself, but his appointments.

Anthony Mansfield, Cadwalader, Wickersham & Taft

Trump is a disruptive force – but inconsistent. He’s often on record contradicting his own policy pledges, or firing out controversial tweets today only to row back on his statements tomorrow.

Nonetheless, in the area of financial regulation some key themes have emerged: deregulation is a broad aim of the nascent Trump administration, and the man has tended to attack the regulators. With an eye on infrastructure spending, Trump has thus indicated his distaste at Federal Reserve independence (in return, Fed Chair Janet Yellen has reminded US lawmakers of a potential increase in national debt). Plus the controversial Consumer Financial Protection...