Barclays plc CEO C.S. Venkatakrishnan shared on Tuesday that the United States regulations introduced in the past few years will be relaxed under President Donald Trump's administration, and voiced his hope that Europe will follow the same path.
"Obviously there's a lot of control and regulation that had been placed in the last few years, and we think that’ll get relaxed. That's generally good for business sentiment and good for business opportunity," Venkatakrishnan told CNBC on the sidelines of the World Economic Forum in Davos, adding that "those winds are blowing towards Europe and the UK."
Furthermore, Venkatakrishnan praised the new economic program presented by the Trump administration. "I think they have the right plan," he concluded.
