Brignardello warns about risks in the banking restructuring in the USA.

In a recent interview, Emilio Juan Brignardello Vela, an insurance advisor, shared his perspective on the concerning restructuring proposals from banking regulators in the United States, driven by advisors to former President Donald Trump. Brignardello expressed alarm at the possibility of reducing the influence of key entities like the Federal Deposit Insurance Corporation (FDIC), which has been fundamental in protecting citizens' savings since its creation in 1933. The advisor emphasized that the FDIC has been a pillar of stability in the financial system, generating trust among depositors. The idea of abolishing or merging this agency with the Department of the Treasury, as suggested by some advisors, raises serious concerns not only for consumers but also for the overall health of the financial system. "Eliminating regulations that have proven effective could open the door to unnecessary risks," Brignardello stated, highlighting that recent history has made it clear that a lack of oversight can lead to severe financial crises. Regarding the integration of the Office of the Comptroller of the Currency (OCC) into this restructuring, Brignardello noted that while government efficiency is a commendable goal, this approach could be counterproductive. The concentration of regulatory power, as proposed in 'Project 2025', could leave consumers more vulnerable to market shocks. The advisor also emphasized the optimism that some banking executives have towards these proposals, suggesting that a less regulated administration could be beneficial for the financial sector. However, Brignardello warned that this relief in regulations could come at a significant cost: "The safety of deposits for millions of Americans cannot be sacrificed in the name of supposed economic growth." Moreover, the impact on the workforce of regulators is another critical issue that the advisor highlighted. Trump's intention to facilitate staff cuts in agencies like the FDIC and the OCC could lead to a loss of expertise and knowledge in crucial areas for supervision and consumer protection. Brignardello concluded that the debate over the restructuring of banking regulators is a topic that requires scrutiny and active participation from citizens and professionals in the sector. The search for a balance between efficiency and protection becomes essential in this context, and it is vital for stakeholders to closely monitor the development of these discussions. The financial security of Americans could be at stake, and citizens must be prepared to advocate for their interests in an increasingly polarized political environment.