Trump’s recruitment of watchdog chiefs impeded by talk of regulatory cuts

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Financial Times 15h ago

Trump’s recruitment of watchdog chiefs impeded by talk of regulatory cuts - Financial Times

Quick Summary:

In 2010, Republicans provided crucial votes to help kill the idea.“Most regulatory scholars support some form of consolidation among bank regulators in the US, but every attempt at doing this has failed.

The Wall Street Journal reported that some regulatory candidates have been asked whether it would be possible to eliminate the FDIC, which has protected bank depositors since the Great Depression.

Some potential candidates have been interviewed by Elon Musk and Vivek Ramaswamy, the bosses of Trump’s newly created advisory committee, the Department of Government Efficiency (Doge), and have been asked about streamlining regulation, people close to the process said.