Mario Draghi, president of the European Central Bank, said any suggestion that the regime governing banks built up after the 2008 crisis should be dismantled was “very worrisome” STEPHANIE LECOCQ/EPAThe eurozone’s chief central banker has attacked Donald Trump’s plans to relax rules on banks and rejected claims by the president’s advisers that it has improperly manipulated the single currency. Mario Draghi, president of the European Central Bank, said that any suggestion that the regime governing banks built up in the wake of the 2008 crisis should be dismantled was “very worrisome”. In evidence to MEPs, he said: “The last thing we want at the present time is a relaxation of regulation.” A slack regime had been a key factor in allowing the crisis to take place, he said. Mr Draghi was responding to White House announcements last week that it wanted to repeal large parts of Dodd-Frank, the regime created in 2010 to prevent…

Source: The Times February 07, 2017 00:04 UTC