In this co-authored opinion piece, Thorsten Beck and Vasso Ioannidou argue that recent moves to weaken regulatory safeguards and bring independent financial watchdogs under direct political control pose a serious threat — not just to the U.S., but to the global financial system as a whole.
“U.S. deregulation doesn’t just stay in the U.S. — its effects ripple across the world.”
As the authors caution, undermining oversight could trigger a global race to the bottom, heightening the risk of instability, crises, and costly bailouts.
Europe, they argue, must remain vigilant, resist the deregulatory tide, and step up as a defender of strong, independent supervision.
Read the full op-ed on Politico.