Deregulation will pour extra fuel on the private credit bonfire
The Trump administration’s looser rules could breed more ‘cockroaches’ in the lending market
The Trump administration’s looser rules could breed more ‘cockroaches’ in the lending market

Simplification is not the same as true deregulation

US lenders expected to cement global dominance by a significant easing of post-financial crisis rules

New rules will boost lending and profits and entrench American dominance. But critics say they could lead to another crash

A regulatory ratchet is smothering business, households and government

Rather than financial alchemy, such deals involve mispricing, reduced capital buffers and hidden risks

Clarity on regulations and how they are applied are needed as much as simplification