🚀 U.S. Treasury Secretary Advocates for Fair Regulation and Community Banking Support
#USTreasury #FairRegulation #CommunityBanking #TargetedRegulation #FinancialLandscape #RegulatoryCulture #Compliance #MainStreet #WallStreet #Investment
According to Odaily, U.S. Treasury Secretary Besent emphasized the need for ordinary citizens to take center stage, rather than Wall Street dominating the financial landscape. Besent highlighted the importance of targeted regulation, advocating for fairness and uniform application across various entities.
Besent stated, "The U.S. Treasury intends to drive a change in regulatory culture by improving review processes, enhancing oversight of compliance with these procedures, and establishing more realistic avenues for appealing regulatory outcomes." He underscored the significance of using financial risk-based objective measures to define 'unsafe and unsound' practices.
Particularly, Besent plans to focus on more targeted regulation for community banks, which have struggled with the technological investment demands of compliance burdens. "Over the past forty years, Wall Street has become wealthier than ever. It can continue to grow and perform well," Besent remarked. However, he noted that in the next four years, it will be 'Main Street's' turn to drive investment.#USTreasury #FairRegulation #CommunityBanking #TargetedRegulation #FinancialLandscape #RegulatoryCulture #Compliance #MainStreet #WallStreet #Investment
🚀 Key Economic Events to Watch This Week
#EconomicEvents #USFederalReserve #FOMC #AtlantaFed #MinneapolisFed #FederalReserveSpeech #MonetaryPolicy #EconomicOutlook #FedMinutes #USPolitics #BipartisanAgreement #CommunityBanking #PowellSpeech #Kashkari #Goolsbee #Bowman #Barr
According to BlockBeats, if the U.S. Republican and Democratic parties reach a bipartisan agreement on a temporary funding bill early next week, the September employment report is likely to be released the following Friday. Here are the key market events to watch in the coming week (all times in UTC+8):
On Tuesday at 22:00, 2027 FOMC voting member and Atlanta Federal Reserve President Bostic will speak on the economic outlook. At 22:30, Federal Reserve Governor Milan will participate in a fireside chat. At 23:30, 2026 FOMC voting member and Minneapolis Federal Reserve President Kashkari will deliver a speech.
On Thursday at 02:30, the Federal Reserve will release the minutes of its monetary policy meeting. At 03:15, Kashkari will speak again. At 20:30, Federal Reserve Chair Powell will deliver a pre-recorded opening speech at a community banking conference hosted by the Federal Reserve Board. At 20:35, Federal Reserve Governor Bowman will give a speech.
On Friday at 01:00, Federal Reserve Governor Barr and Kashkari will speak at an event. Later, at 21:45, 2025 FOMC voting member and Chicago Federal Reserve President Goolsbee will deliver opening remarks and host a discussion at a community bankers' seminar.#EconomicEvents #USFederalReserve #FOMC #AtlantaFed #MinneapolisFed #FederalReserveSpeech #MonetaryPolicy #EconomicOutlook #FedMinutes #USPolitics #BipartisanAgreement #CommunityBanking #PowellSpeech #Kashkari #Goolsbee #Bowman #Barr
🚀 Senators Propose Compromise on Clarity Act at ABA Summit
#ClarityAct #ABASummit #SenatorAlsobrooks #SenatorThomTillis #CommunityBanking #BankingInnovation #FinancialLegislation #DepositProtection
At the American Bankers Association (ABA) summit in Washington, Senator Alsobrooks addressed community bankers about the progress of the Clarity Act. According to ChainCatcher, she emphasized that achieving perfection should not hinder reaching the goal.
Senator Alsobrooks revealed that she and Senator Thom Tillis are working on a compromise proposal. The aim is to prevent deposit outflows while allowing room for innovation and development.#ClarityAct #ABASummit #SenatorAlsobrooks #SenatorThomTillis #CommunityBanking #BankingInnovation #FinancialLegislation #DepositProtection