NEWS FEED
Zoom
15:16 19 February
11:05 19 February
10:48 19 February
TOP 5

Federal reserve to deregulate US banking sector via tailored approach


The Fed chief of supervision says existing banking sector regulations are too tough and standardized, and could be relaxed and customized to promote commercial bank lending, investment, and stock market trading, APA reports quoting Sputnik.

 

Kristian Rouz — the Federal Reserve's top supervision official — has laid out his deregulatory agenda aimed at easing controls over bank liquidity and capitalization. The central bank is set to welcome its new chair, Jerome Powell, in February, a man widely expected to bring monetary policies in line with President Trump's approach to the economy and trade.

 

The Fed's Vice Chair of supervision Randal Quarles said the central bank will focus on several crucial changes in its regulation of Wall Street. These include relaxed capital rules, proprietary trading, and a crackdown on taxpayer bailouts at the central bank's or the government's expense.

Related news releases

VİDEO NEWS

PHOTO NEWS

  • Azerbaijan appoints new consul in Batumi
  • Azerbaijan, Turkmenistan mull energy cooperation
+2
EXCHANGE RATE
FOREX
/ 19 February, 2018

USD
1.7001
 
EUR
2.1108
 
RR
0.0301