Donald Trump is expected to announce tomorrow his choice to succeed Gary Gensler as chairman of the US Securities and Exchange Commission (SEC). According to the US press, four names are under consideration for the post: a former commissioner, a law firm partner and a current official. However, one of the candidates has previously indicated that he would not be interested in the position.
The appointment of the new chair is seen as an important development, especially at a time of heightened demands for financial regulation. After some of the decisions taken during the Gensler era, it is of great importance to choose a candidate who will meet the expectations of the markets. Trump's critical decision is being closely watched for clues about the future direction of the markets.
