FDIC vice-chair heralds likely changes under Trump 2.0
Hill suggests looser regulation and ignoring climate risks will be focus under new administration
The vice-chair of the US Federal Deposit Insurance Corporation (FDIC) has said it will embark on a “new course” following Donald Trump’s inauguration.
In a speech on January 10, Travis Hill – who is reportedly on the president-elect’s shortlist to head the organisation – argued that capital standards should be loosened and climate risks should not be a concern for banks or their regulators.
He argued that it had become common for supervisors to focus on “process-related issues” – such as
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