Draghi rings the alarm against financial markets deregulation


- President of the European Central Bank (ECB) and chairman of the European systemic risk Board, Mario Draghi, attends a hearing of the European Parliament Committee on Economic and Monetary Affairs at the European Parliament in Brussels, Belgium, 06 February 2017.

Trump’s plan is “the last thing we need”

Mario Draghi raised the alarm on President Trump’s plans for financial market deregulation on Monday evening.
What was Draghi talking about
Addressing the European Parliament, Draghi warned that loosening the banking regulatory framework was potentially dangerous. The President of the European Central Bank was referring to Trump’s stated objective to repeal or amend the Dodd-Frank Act. Last Friday, President Trump signed an executive order to review the regulation.

The Dodd-Frank Act was in...

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