The Federal Reserve’s Vice Chair has committed to significant reforms in the U.S. banking regulatory framework, aimed at enhancing the resilience of financial institutions in light of recent challenges. The proposed overhaul will focus on risk management practices, capital requirements, and the regulatory compliance landscape, seeking to improve stability in the banking sector.
Tag: Financial Stability
Trump Administration Considers Major Changes to Banking Regulation Framework
In a move that could reshape the landscape of the American banking sector, aides to former President Donald Trump are reportedly exploring options to abolish the Federal Deposit Insurance Corporation (FDIC) as part of a broader initiative aimed at deregulating the banking industry. This potential shift raises questions about the implications for consumer protection, financial stability, and the overall structure of the banking system in the United States.