Europe’s top banker expresses concern at Trump plans to relax financial oversight
THE head of the European Central Bank (ECB) has expressed concern about the Trump administration’s moves to relax financial oversight, saying such deregulation helped pave the way for the global financial crisis.
During a hearing in the European Parliament, ECB president Mario Draghi was asked about Donald Trump’s efforts to revisit parts of the Dodd-Frank regulations aimed at keeping risk-taking banks from sparking a repeat of the 2007-9 financial turbulence.
