A top official will be tasked with overseeing potential risks in a key sector after the president acknowledged growing concerns over unchecked practices. While rejecting broader regulatory measures, the move signals a shift toward closer scrutiny amid persistent warnings about harmful behavior. The appointment of a dedicated monitor reflects a balancing act between oversight and industry self-governance. Critics may question whether the new role will carry enough authority to address systemic issues effectively.
US president has resisted calls for regulation but said he would appoint a ‘tsar’ to monitor for ‘bad’ behaviour
