What the Treasury’s New Recommendations Would Mean for Financial Reform

This week, in response to President Donald Trump’s February executive order, the U.S. Treasury released the first in a series of reports examining the U.S. financial regulatory system.
The report identifies policies that would improve federal financial regulation in a manner consistent with the Trump administration’s seven core principles.
Treasury incorporated a wide range of perspectives on financial regulatory reform, and they should be commended for producing a large volume of specific reform proposals.
For the most part, the reforms seem perfectly in line with the administration’s core principles. And since those principles closely track the ideas in the Financial CHOICE Act—Texas Rep. Jeb Hensarling’s bill that recently passed the House—Americans should be rejoicing.
Treasury champions the innovative “off-ramp” approach to regulatory relief found in the CHOICE Act. For instance, page 12 states that:
Treasury supports an off-ramp exemption for [Dodd-Frank Act stress tests], [Comprehensive Capital Analysis and Review], and certain other prudential standards for

Continue Reading....

Check Also

3 Habits That Can Make American Democracy Great Again

Facebook Twitter Google+ Pinterest LinkedIn Digg Del StumbleUpon E-mail Reddit Buffer Love ThisWe live in …

Leave a Reply

Send this to friend