Trump Team Eyes Major Overhaul of Bank Regulation

U.S. Treasury Secretary Janet Yellen has cautioned the incoming Trump administration against making radical changes to the current bank regulatory framework, emphasizing the importance of maintaining oversight on banks' capital, liquidity, and risk-taking to prevent financial crises. Yellen acknowledged the need to reduce regulatory burdens but warned against undermining the system that ensures financial stability, referencing past bank failures like Silicon Valley Bank and Signature Bank. Her comments come amid concerns that Trump's team may seek to reduce or eliminate key bank regulators.