Bessent calls for less regulation to help small banks
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6 Articles
Exclusive: Bessent calls for less regulation to help small banks
Treasury Secretary Scott Bessent made a case for lighter financial regulation at the G20 finance ministers gathering Monday, arguing to CEOs that post-crisis rules have squeezed small banks, according to remarks first shared with Axios.Why it matters: The private sector has a prominent role in the U.S.-led G20, with business leaders like JPMorgan Chase CEO Jamie Dimon and Goldman Sachs chief David Solomon participating alongside finance minister…
The US Treasury Secretary relaunches selective deregulation: the rules introduced after the 2008 crisis would have favoured large groups to the detriment of territorial banks. The goal is to free capital for small businesses and families. In the background, the challenge of growth in a global economy burdened by debt The US Treasury Secretary relaunches selective deregulation: the rules introduced after the 2008 crisis would have favoured large …
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Cryptocurrency News | Cryptocurrency Prices | Market CapScott Bessent pushes for lighter financial regulation at G20 meeting in Asheville
Bessent's push for lighter regulation could boost small business lending but risks undermining financial stability safeguards. The post Scott Bessent pushes for lighter financial regulation at G20 meeting in Asheville appeared first on Crypto Briefing.
U.S. Treasury Secretary Scott Besant argued for easing financial regulations during a meeting of G20 finance ministers on Monday, arguing that rules put in place after the global financial crisis have severely limited the capabilities of small banks, according to statements obtained exclusively by Axios. Why it matters: The private sector has taken on a particularly prominent role at the G20 under the U.S. presidency, with big business leaders l…
Bessent calls for less regulation to help small banks
Treasury Secretary Scott Bessent made a case for lighter financial regulation at the G20 finance ministers gathering Monday, arguing to CEOs that post-crisis rules have squeezed small banks, according to remarks first shared with Axios. Why it matters: The private sector has a prominent role in…
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