Regulatory efficiency or rollback?

Team USA’s new clarion call for regulatory “efficiency” comes with a worrying undertow

It doesn’t take a deep learning algorithm to spot the US has an overly complicated regulatory regime. Supervisory bodies include the Federal Reserve System, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, the Commodity Futures Trading Commission (CTFC) and state-level insurance bodies, among others. Despite this fragmentation, however, the Trump administration has made significant progress in its efforts to get US regulators to speak with one voice – and the

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