Donald Trump has scaled back regulation in the US. The US version of the Financial Ombudsman Service FOS has been disbanded. The AML rules that Biden introduced to bring transparency to ownership have been abolished. The latest move is that the copyright lead in Government has been dismissed after calling out Elon Musk, who uses copyright material to train his AI models. Deregulation has been a complete no-no since 2008, but times are changing.
The UK (and perhaps the EU too) currently heads in the opposite direction, led for a generation by weak leaders who have spent the money created in the deregulation era of the 1980’s. Oh, Mrs T – where are you?
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