Regulatory Transactions

From: Financial Times

US Treasury secretary speaks to the FT on tax, economic growth, and North Korea

by: Sam Fleming, Demetri Sevastopulo and Shawn Donnan

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. . . .So one of the things I’m very focused on in my role at FSOC is re-looking at, with the regulatory agencies, the definitions of the Volcker rule, and making sure that it provides proper liquidity. That’s one of the things that has come up already in our review of the financial reforms under the executive order, and we’ve begun to have discussions.

I don’t think a full rollback to Glass-Steagall makes sense, and that’s why the president differentiated that by saying a 21st century version of Glass-Steagall, and not going back to a full rollback.

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