Paul Weiss Discusses Treasury Report on Reforms to U.S. Banking Regulations

On June 12, the U.S. Department of the Treasury issued the first of four reports to President Trump (the “Report,” available here) in response to the executive order signed on February 3 (see our client alert here) (the “Executive Order”) setting forth “Core Principles” intended to guide the reform of the U.S. financial regulatory system.

This first report addresses the U.S. depository system, covering banks, savings associations and credit unions. The upcoming reports will cover the regulation of the following areas:  capital markets; the asset management and insurance industries; and non-bank financial institutions, financial technology and financial innovation.The … Read more