Treasury Secretary Bessent calls for looser regulations for the U.S. financial system

Farewell, financial stability. Hello, AI controlling your money.

Scott Bessent, secretary of the U.S. Treasury and pretend soybean farmer , is here to shake things up in the financial regulation space, and by “shake things up” I mean “get rid of all the ...

US Treasury chief promises changes in 'overregulation approach' in financial system

'Little thought was given to the harms of overregulation, the imbalance between costs imposed and benefits achieved, and the economic stagnation that can follow. Our Administration is changing that approach,' Scott Bessent says - Anadolu Ajansı

Bessent Moves to End FSOC’s Drift, Putting Growth and Security at the Center

Treasury Secretary Scott Bessent on Thursday outlined a sweeping reset of the U.S. government’s main financial stability watchdog, arguing that the Financial Stability Oversight Council should treat economic growth and economic security as preconditions for stability, not competing goals The post Bessent Moves to End FSOC’s Drift, Putting Growth and Security at the Center appeared first on Breitbart.

Bessent calls for overhaul of regulator tasked with spotting systemic financial risks

Treasury Secretary's proposal to revamp the Financial Stability Oversight Council would expose Americans to risk, critics say.

Bessent Pushes Deregulatory, Growth-Focused Pivot in Financial Stability Oversight

Treasury Secretary Scott Bessent has announced a sweeping overhaul of the government body responsible for monitoring emerging threats to the nation’s financial system, pushing for an approach more oriented toward economic growth. In an introductory letter accompanying the Financial Stability Oversight Council’s (FSOC) annual report, published Dec. 11, Bessent wrote that the council will pivot away from tightening what he called “prophylactic” re…

US Treasury chief seeks looser regulation at financial stability panel

US Treasury Secretary Scott Bessent signaled key changes Thursday to a high-level panel on financial stability, putting more emphasis on economic growth and reduced regulation.