The Dodd-Frank Act’s $50 billion threshold for determining which banks are systemically important should be scrapped and replaced with an indicator test, according to the Office of Financial Research.
Andreas Dombret, head of regulation at Germany’s central bank, fears entering “the next stage of … an eternal cycle” of crises as countries begin dialing back regulations.
A top House Republican is calling on the Federal Reserve to cease its participation in international standards-setting forums until after President Trump has installed his own leadership in the central bank.
