In a recent All-In Podcast interview, US Treasury Secretary Scott Bessent said the Trump administration is re-examining "all bank regulation" to ease burdens on financial institutions, as reported by the ABA Banking Journal.
Bessent argued that, as the framework is set up today, regulators are incentivized to "keep tightening the corset" on firms without regard for growth or common sense. "I plan to just keep pushing for safe, sound and smart deregulation," Bessent said.
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