Close Menu
BlogSpotTipsBlogSpotTips
  • Home
  • Education
  • Finance
  • Latest Internet News
    • Social Media
    • Software
  • Game
  • Contact Us !
Facebook X (Twitter) Instagram
BlogSpotTipsBlogSpotTips
  • Home
  • Education
  • Finance
  • Latest Internet News
    • Social Media
    • Software
  • Game
  • Contact Us !
Facebook X (Twitter) Instagram
BlogSpotTipsBlogSpotTips
Home»Finance»Trump’s deregulation pledge harmful to everybody, says head of German regulator
Finance

Trump’s deregulation pledge harmful to everybody, says head of German regulator

DeepBy DeepJanuary 26, 2017No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Chip Somodevilla | Pool via Bloomberg

President Donald Trump’s pledge to scale back regulatory controls in the financial industry would be detrimental to everybody, according to the President of Germany’s financial regulator.

Trump repeatedly pledged to repeal financial regulations throughout his election campaign and even vowed to repeal Dodd-Frank, which was passed after the financial crisis with the aim of limiting Wall Street’s ability to make risky investments.

“If (deregulation equivalent to pre-financial crisis levels) were to happen I wouldn’t like it of course… I’m a regulator and a broad phase of deregulation would be a very bad thing indeed for everybody,” Felix Hufeld, president at BaFin, told CNBC on Thursday.

“What everybody needs right now is regulatory certainty for an extended period of time so let’s get out of those vast cycles of strong regulation, deregulation, crisis and so forth… That’s not what we should do,” he added.

DETAILS MATTER

The details of financial regulation matter: BaFin president  11 Hours Ago | 02:38

Trump has advocated the scrapping of some financial rules in order to aid U.S. business and met with 10 senior executives on Monday to state his belief he could cut regulations by 75 percent or “maybe more.”

The details of his proposed cuts to regulation controls have not yet been unveiled and Hufeld stressed it is “too early to tell” which policies the new U.S. administration would enact.

“We don’t know what the details are and in banking regulation, details matter… so it is simply premature to make any judgment about the exact course of what deregulation is supposed to mean,” he concluded

source”cnbc”

deregulation everybody German harmful of pledge regulator says to Trump's ‘head
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Deep

Related Posts

Strategies for Greater Financial Flexibility: 5 Smart Ways to Repay Your Home Loan Faster

May 6, 2025

The Exchange: John Rogers on overcoming pessimism with patience

March 5, 2025

A simulated intelligence Transformation in Money: Open doors and Difficulties

November 20, 2024
Recent Post
  • What Are the 8 Different Types of Video Game Articles?
  • Strategies for Greater Financial Flexibility: 5 Smart Ways to Repay Your Home Loan Faster
  • PS5 Pro vs the PS5 – What’s the difference, really?
  • 4 Tips to Improve Data Loss Prevention (DLP) in Healthcare
  • A+ methods: Help students get ready for state exams
  • Again, winter greetings
  • Living games are here: How gen AI is leveling up the games industry
  • How to Avoid Managing Open Source Software’s
Search
  • Home
  • Privacy Policy
  • Contact Us !
© 2025 BlogSpotTips. Designed by BlogSpotTips.

Type above and press Enter to search. Press Esc to cancel.