JOURNAL ARTICLE

Treasury Huddles With Fed, FDIC to Streamline Bank Oversight.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Johnson, Katanga 3 of 3

Abstract

The US Treasury Secretary, Scott Bessent, is working with the Federal Reserve and other bank agencies to streamline oversight and ease regulations. The Treasury Department will lead in crafting policy recommendations, focusing on banking regulation and stress capital buffers for large banks. These efforts come after President Trump's executive order to tighten White House control over bank supervision, with Treasury aiming for coordination rather than consolidation of agencies. The move has been seen as a potential power shift towards the Treasury Department, raising concerns about the politicization of financial regulation. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/04, pN.PAG
  • Document Type:Article
  • Subject Area:Politics and Government
  • Publication Date:2025
  • Accession Number:184561163
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