Financial regulation: Yellen and Biden call for stricter requirements — and provoke conflict with the banking lobby

Biden and Yellen call for stricter banking rules

The crisily banks are unsettling US politics. Regional banks in particular are in focus following the Silicon Valley Bank crash. President Biden and Treasury Secretary Yellen are once again calling for significantly stricter rules. This would reverse reforms by ex-President Trump.

Financial regulation: Yellen and Biden call for stricter requirements — and provoke conflict with the banking lobby

The US president and the Minister of Finance want to withdraw Donald Trump's easing. The crypto industry and shadow banks should also be more heavily regulated.

Biden calls for stricter rules for the financial system

After the bankruptcy of two banks in the United States, President Joe Biden asks independent regulatory agencies to impose stricter rules on the financial system, telling them that they can act under current law without Congress taking additional measures