Скачать или смотреть Bessent Urges Deep Reform of U S Bank Rules, Calls to Scrap Biden Era Capital Plan

Bessent Urges Deep Reform of U.S. Bank Rules, Calls to Scrap Biden-Era Capital Plan

U.S. Treasury Secretary Scott Bessent is pushing for a sweeping overhaul of America’s outdated financial regulatory system. In a powerful speech at a Federal Reserve conference, Bessent criticized Biden-era dual capital requirements for banks, calling them flawed and counterproductive.

He argued that excessive capital rules are harming growth, stifling innovation, and shifting lending away from banks to less regulated sectors. Bessent also called on regulators to rethink their reactionary approach and embrace a forward-looking framework that supports both financial stability and economic dynamism.

The Trump administration backs these reforms, aiming to reduce regulatory burdens and unleash market potential. Bessent emphasized that regulatory modernization doesn’t mean weakening oversight—but making it smarter and more tailored.

📌 Key points covered:

Opposition to Biden's dual capital rule for banks

Push for a long-term blueprint for reform and innovation

Greater Treasury involvement in shaping bank regulations

Relief for both large and community banks

Balancing regulation with economic growth and worker priorities

Stay tuned as we break down what this means for the future of U.S. banking and financial markets.

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