Fed’s Powell looks for ways to reduce ‘unnecessary burden’ of regulation
Fed governor tells senators he sees room in some aspects of post-crisis reforms to ease the burden on banks
Federal Reserve governor Jerome Powell admitted there may be aspects of post-crisis regulation that impose an “unnecessary burden” on banks and could be adjusted, during testimony on June 22.
Powell told the Senate Committee on Banking, Housing and Urban Affairs he saw room to adjust some regulations. Possibilities included making rules simpler for small and medium banks, excluding well-capitalised banks from aspects of the stress testing regime, extending the length of time banks have to
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