23 October 2017
Michael Wilkins

88964

Michael Wilkins - Fidessa

4Posts 14,386Views 0Comments

A Trump card for regulation?

19 January 2017  |  2904 views  |  0

It's difficult to argue against any sensible form of regulation that ultimately makes the financial markets fairer and safer for all participants, but implementing and complying with all the new rules that apply across our industry is, undeniably, a very costly business.  So when President-elect Trump's newly sworn-in, eager-to-please United States Congress puts forth a bill which could force regulators to revisit and modify their rules every few years in an effort to prove that the "benefits of the intended regulation justify the costs", you have to wonder how this will play out. 

Consumers crow about the "bad guys" in Wall Street pushing up the price of gasoline and shrinking their pension pots. Financial institutions include the costs of complying with new regulation as an explicit line item on their earnings reports. And, weighed up against big business, politicians will always claim to have at heart the best interests of the man or woman on the street. Especially those who run on a “populist message” of making their country great again and draining the metaphorical swamp. 

The impact of regulation is notoriously difficult to measure, so what metrics do Trump's folks have in mind, I wonder? And how best to keep the oft-uneasy peace between Wall Street and Main Street? With the winds of change blowing across the White House lawn at gale force, I guess time will tell. 

 

TagsRisk & regulation

Comments: (0)

Comment on this story (membership required)

Latest posts from Michael

Two For One

03 February 2017  |  3757 views  |  1 comments | recomends Recommends 0 TagsRisk & regulation

A Trump card for regulation?

19 January 2017  |  2904 views  |  0 comments | recomends Recommends 0 TagsRisk & regulation

That's your limit!

09 December 2016  |  4430 views  |  0 comments | recomends Recommends 0 TagsTrade executionRisk & regulation

A calmer approach to position limits

28 November 2016  |  3296 views  |  0 comments | recomends Recommends 0 TagsTrade executionRisk & regulation

Michael's profile

job title Business Development
location London
member since 2016
Summary profile See full profile »
A member of Fidessa's derivatives team, I am focused on the multi-asset trading requirements of global and regional FCMs, money managers and commodity trading houses.

Michael's expertise

Member since 2016
2 posts0 comments
What Michael reads
Michael writes about
Trade executionRisk & regulation

Who's commenting on Michael's posts

Ganesh Guruvayur