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Treasury Secretary Bessent Urges Major Overhaul of U.S. Bank Regulations

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Source: U.S. Department of the Treasury (.gov)
Treasury Secretary Bessent Urges Major Overhaul of U.S. Bank Regulations
Photo: U.S. Department of the Treasury (.gov)
TL;DR Summary

Treasury Secretary Scott Bessent emphasized the urgent need for comprehensive reform of financial regulation, advocating for a strategic, forward-looking approach that prioritizes community banks, innovation, and economic growth, while criticizing reactionary policies and outdated capital requirements, and calling for modernization and simplification of the regulatory framework.

Topics:business#capital-requirements#community-banks#finance#financial-regulation#regulatory-reform#treasury-department
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  1. Treasury Secretary Scott Bessent Remarks at the Federal Reserve Capital Conference  U.S. Department of the Treasury (.gov)
  2. Bessent calls for deeper US bank regulatory reforms, scrapping dual capital requirements  Reuters
  3. Wall Street to trump Main Street with new bank rules  Financial Times
  4. U.S. Treasury’s Bessent calls for deeper bank regulatory reforms  The Globe and Mail
  5. Treasury Secretary Scott Bessent Calls For Fundamental Reset Of Federal Reserve, Overhaul Of ‘Antiquated’ Bank Capital Norms By Stocktwits  Investing.com India

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