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What does the Trump election mean for financial risk managers?

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Joined
9/19/15
Messages
100
Points
28
I guess that risk managers (credit, market, and operational) all gained popularity since the financial crisis, thanks to regulations on Wall Street. Now that Trump is the president and likely to reduce regulations on Wall Street by modifying Dodd-Frank act, what does this mean for risk managers? Is the job market for risk management not as bright as before?
 
Nothing will happen right away. The rulemaking process is slow and cumbersome. All of the required rulemaking from the DF Act isn't even complete. Most likely: the pace of reregulation will slow and banks will have the chance to adjust to it. VaR isn't going away, nor are DFAST or CCAR. FRTB may slow, but not stop.
 
Hopefully, they will get fired, purged, you name it. Risk management is far too inflated. In reality, it is too early too tell - let's check again in June 2017. I hope Trump hires somebody who pushes to ban VaR or to remove risk management completely, but that is wishful thinking.
 
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