Biden Pushes for Stronger Regulations on Regional Banks.

President Biden urges regulators to reverse the Trump Administration's weakening of common-sense safeguards and supervision for large regional banks, including reinstating liquidity requirements and enhanced liquidity stress testing, annual supervisory capital stress tests, comprehensive resolution plans, strong capital requirements, and reducing transition periods for applying common-sense safeguards to growing banks. The President believes that these reforms will reduce the risk of future banking crises and protect American jobs and small businesses.