CNBC has reported that Michael Bessent, a former Comptroller of the Currency, is set to propose a significant overhaul of the regulatory body created in response to the 2008 financial crisis. The proposed changes aim to enhance the regulator’s ability to address systemic risks and improve its alignment with private sector needs. However, details about the specific proposals are scarce at this stage.
Source: https://www.cnbc.com/2025/12/11/bessent-to-propose-major-overhaul-of-regulatory-body-created-from-financial-crisis.html