This is a piece from Carole Basri, an adjunct professor at both Fordham University Law School and Peking University Law School. She discusses the changes that general counsels and compliance officers should be aware under the new Trump administration since there is a potential for a change in several areas including the following:
1. There will probably be a simplification of existing regulations.
Investors will have to wait and see whether President-elect Donald Trump delivers on campaign promises that range from massive deregulation in the financial sector to trade protectionist actions to make America great again. However certain is that the new administration will emphasize fiscal tools that range from tax cuts to infrastructure spending to stimulate the US economy.
As the year quickly comes to a close, news this week takes a step back to assess the impact of APIs on the financial sector, more emerging insurance trends, and FinTech’s impact on the underbanked and unbanked populations in the U.S. and abroad. We also learned that consumers are waking up to digital banking options, but contrary to the push towards digital everything, people still like cash and plastic cards over mobile wallets. Take a look at these insights and more in this week’s FinTech Rising round-up.
Co-authored with David Morlock
Rome wasn’t built in a day and didn’t collapse overnight. After centuries of growth, prosperity and domination, the Roman Empire began a long slow decline at the peak of its territorial expansion in 117CE. Internal conflicts, administrative complexity, and wasteful consumption made Rome vulnerable to external attacks and led to the overthrow of its last emperor in 476CE.
2017 could be the year in which the thrust of economic policy collides with the force of demography.