BankRegulation

Goldman Sachs CEO David Solomon Predicts Rollback of Bank Regulations Under Trump

5 days ago

In a recent statement that has stirred conversations in financial circles, David Solomon, the CEO of Goldman Sachs, expressed his optimism regarding the potential for former President Donald Trump to restore certain banking regulations if he returns to the White House in the upcoming elections. Solomon's comments, delivered during an industry conference, highlight the significant impact regulatory changes can have on the banking sector and financial markets at large.

U.S. Treasury Set to Enhance Oversight in Bank Regulation: What This Means for Financial Markets

9 days ago

In a significant development for the financial sector, David Bessent, a prominent figure in banking regulation, has indicated that the U.S. Treasury Department is poised to assume a larger role in overseeing banking institutions. This shift, he argues, comes in response to evolving challenges facing the banking industry, particularly those that arose during recent economic upheavals.

Australia's Opposition Pushes for Relaxed Loan Standards Amidst Economic Concerns

18 days ago

The political landscape in Australia is heating up as the opposition party calls for significant changes to the country's banking regulations, specifically targeting the standards required for loan approvals. This move comes at a time when many Australians are struggling with rising living costs and soaring interest rates.

Swiss Parliament Takes Bold Step Towards Overhauling Bank Regulations Post Credit Suisse Saga

1 month ago

In a significant move that highlights Switzerland's commitment to strengthening its financial regulatory framework, lawmakers have approved changes to banking regulations in the wake of the Credit Suisse crisis. This decision comes in the wake of the turmoil that rocked the nation's banking sector, triggered by the deterioration of Credit Suisse's stability and reputation.

US Banks Advocate for Basel Framework Implementation, According to the Bank of England's Bailey

2 months ago

In a significant development concerning international banking regulations, U.S. banks have voiced their support for the implementation of the Basel framework, as noted by Andrew Bailey, the Governor of the Bank of England. This statement has stirred discussions among financial institutions and regulators about aligning banking practices with global standards established to strengthen the resilience of the financial system.

ECB Prioritizes Bank Risk Management a Decade After Financial Crisis, Claims Ex-Official

6 months ago

In a significant reflection on the evolution of the European banking system, an ex-official of the European Central Bank (ECB) emphasized that the institution is currently making appropriate moves to address banking sector risks. This assessment comes as the ECB continues to navigate through a complex economic landscape a decade after the global financial crisis.