Trump's Finance Regulators Shift Focus To Compliance Costs
Law360, New York (December 15, 2017, 2:17 PM EST) -- The financial stability risks flagged by Trump administration regulators in a Thursday report largely mirrored those highlighted by the Obama administration, but the report's focus on revising the rules governing banks and other financial firms indicates a significant change in perspective among supervisors.
The Financial Stability Oversight Council's annual report, the first led by Treasury Secretary Steven Mnuchin and approved by largely Trump-selected regulatory chiefs, highlighted similar cybersecurity, financial innovation and other risks to the global financial system as the same report produced under the Obama administration in previous years.
But unlike earlier iterations of the report, the 2017 FSOC report...
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