Biden urges tougher banking regulations to reverse Trump-era rollbacks.

The Biden administration is urging federal banking regulators to reinstate rules rolled back during the Trump administration for banks with assets between $100 billion and $250 billion. The president's proposed safeguards include liquidity requirements, annual supervisory capital stress test requirements, comprehensive resolution plans, and strong capital requirements for banks. The administration blames regulatory rollbacks during the Trump administration for contributing to recent banking industry woes and wants to reduce the risk of a future banking crisis. The Bank Policy Institute expressed disappointment, while Better Markets applauded the new efforts.