The Treasury Department today issued a long-awaited report recommending changes to laws and regulations affecting nonbank financial providers and the broader fintech environment.
Browsing: Core principles for regulating the US financial system
The Treasury Department has eliminated or proposed to eliminate or modify a total of 305 regulations, according to a new report released today.
As part of its continued response to President Trump’s executive order outlining core principles for financial regulation, the Treasury Department issued a report today recommending changes to the regulation of asset management and insurance.
In her year-in-review speech at the ABA Annual Convention today, outgoing ABA Chairman Dorothy Savarese highlighted the association’s year of advocating in the nation’s capital and empowering bankers to succeed.
As part of its ongoing response to President Trump’s executive order outlining core principles for financial regulation, the Treasury Department issued an extensive report today outlining recommended regulatory changes to maintain the vibrancy of U.S. capital markets.
The federal banking agencies today issued a proposed rule that would simplify the complex Basel III regulatory capital calculations for all but the very largest banks.
ABA staff recently met with officials at the Treasury Department, which is in the process of issuing recommendations related to capital markets regulatory reform in response to President Trump’s executive order on core principles for financial regulation.
The OCC today issued a request for comment on revisions to the Volcker Rule.
In a comment letter to the Treasury department yesterday, ABA provided extensive feedback on several Bank Secrecy Act and anti-money laundering regulations that could be eliminated, modified or streamlined to reduce the compliance burden on banks in response to an executive order issued by President Trump earlier this year.
Testifying before the House Financial Services Committee today, Treasury Secretary Steven Mnuchin outlined his recommendations for financial reform, including tailoring capital requirements, reducing regulatory overlap, remedying the Volcker Rule and making the Consumer Financial Protection Bureau more accountable.