Former US regulators warn of danger from Trump financial rollbacks

30 May 2019 9:26am
Seven former US regulators who responded to the 2008 financial crisis have warned in recent weeks that President Donald Trump's appointees’ deregulatory efforts expose the US to new economic peril.

Timothy Clark, who was coordinating the Federal Reserve’s oversight of big banks when he retired in late 2017, said regulatory changes soon after he left “seemed reasonable and thoughtful.”

Last week, however, the ex-deputy director of Fed supervision and regulation told a Washington conference,* “We are seeing much more dangerous of a rollback than I might have predicted.”