Trump should establish an office to rebuild financial system, Allan Grody has argued
The Honorable Donald J. Trump
President-elect of the United States
Presidential Transition Headquarters
Trump-Pence Transition Team
Dear President-elect Trump,
There is a great need to
'risk-adjust’ the financial system and streamline
its regulatory regimes using the new technologies of the
digital age so that financial firms will never again bring the
global economy to the brink of failure.
I have been involved in building and
observing the infrastructure of the financial system for over
five decades. I would like to illuminate some parts of the
financial system that goes unrecognised as the key pillars of
finance. They are also at the core of solutions to the big
issues of the day - observing systemic risk; consolidation of
regulations; regulator effectiveness; and using technology
efficiently in and across the financial factories,
infrastructure utilities and the regulatory apparatus of the
global financial system.
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