Sources
PiQ
U.S. TREASURY'S BESSENT, IN PREPARED REMARKS TO AMERICAN BANKERS ASSOCIATION, SAYS TREASURY WILL PLAY A GREATER ROLE IN BANK REGULATION GREATER TREASURY REGULATORY ROLE WILL TAKE PLACE VIA FINANCIAL STABILITY OVERSIGHT COUNCIL, PRESIDENT'S WORKING GROUP ON CAPITAL MARKETS,
Andrew Ackerman.@SecScottBessent has a remarkably weedy speech on bank oversight. -supervision "has too often taken place behind a veil of secrecy that precludes scrutiny by the public." -community banks unduly burdened by compliance -examiners should focus more on material financial risks https://t.co/4XJHLMa2FZ
FinancialJuice US Treasury Secretary Bessent: Greater treasury regulatory role will take place via financial stability oversight council, president's working group on capital markets, engagement with bank regulators.
