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US Treasury Secretary Bessent Calls for Changes in Bank Rules, Says Current Capital Requirements Are "Flawed" and Don't Match Risks, Suggests New Framework to Ease Compliance for Community Banks. 💼🏦
First Squawk US TREASURY SEC. BESSENT: BANK REGULATORY STRUCTURE NEEDS REFORM || CURRENT DUAL CAPITAL REQUIREMENTS ARE “FLAWED” AND MISALIGNED WITH RISK || PROPOSES MODERNIZED FRAMEWORK FOR COMMUNITY BANKS TO REDUCE COMPLIANCE BURDEN
FinancialJuice US Treasury Secretary Bessent: U.S. bank regulators should consider abandoning 'flawed' dual capital requirements for banks
