US Banking Regulations Under Scrutiny After Recent Failures and Lobbying Pressure.

1 min read
Source: CNN
US Banking Regulations Under Scrutiny After Recent Failures and Lobbying Pressure.
Photo: CNN
TL;DR

Senator Elizabeth Warren and ten other senators are calling for the Federal Reserve to tighten regulations on large regional banks with assets between $100 billion and $250 billion, following the collapse of Silicon Valley Bank and Signature Bank. The lawmakers argue that the 2018 rollback of Dodd-Frank freed these banks from the toughest oversight, leading to irresponsible and excessive risk-taking. The Fed has launched a review of Silicon Valley Bank's regulation and oversight, and is rethinking some of its own rules related to midsize banks. Warren has long been a regulation hawk, pushing for tough rules to prevent a repeat of the 2008 crisis.

Share this article

Want the full story? Read the original reporting

Read on CNN