A former central banker and the ex-chairman of the UK's Financial Services Authority have admitted to concerns that President-elect Donald Trump’s plans to review US financial regulation could prompt a rollback of globally accepted standards.

Adair Turner, who chaired the FSA - the predecessor to the UK's Financial Conduct Authority - said on November 16 that he would be "very concerned" if the US showed intent to revisit or roll back on reforms that were "at the core" of international efforts to create a more resilient global banking system.