Trump’S ‘The United States First’ Agenda Imperils Attempt To Rein In Banks, Eu Lawmakers Say

| AP Photo Trump’s ‘America first’ agenda imperils effort to rein in banks, EU lawmakers sayFirst it was free trade, then the Paris climate agreement.
Now, European lawmakers are warning that President Donald Trump’s anti-globalist agenda threatens to erode years of cooperation on financial regulations forged after the 2008 crisis.
Yet for global financial companies, antipathy over financial regulation poses a major risk: retaliation.
The Europeans “are right to complain about trade and climate, but at this point I wouldn’t extend that to financial regulation,” Véron said.
Story Continued Below“The recommendations, especially coming from the Treasury Department, are constituting a kind of ‘America first’ policy in financial regulation,” said Markus Ferber, a vice chairman of the parliament’s economic committee.

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