The US Financial Stability Oversight Council shifts its focus to deregulation
2025-12-11 21:52:03
The Trump administration is reforming government regulators charged with monitoring risks to the financial system to focus more on how to boost economic growth and the "undue burden" of strict financial rules, Treasury Secretary Vincent Bescent announced on Thursday. Mr. Bescent said the Financial Stability Oversight Council (FSOC), which he chairs, will shift its focus to how to loosen financial rules, arguing that the cost of regulation to economic growth poses a risk in itself. As part of that work, Mr. Bescent said the FSOC will create working groups focused on markets and household resilience, and one to explore the opportunities and risks posed by artificial intelligence.
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