US Treasury Secretary Scott Bessent has announced plans to reexamine bank regulations, with a focus on easing requirements for smaller financial institutions. During an interview on March 18, Bessent stated that the administration aims to reduce regulatory burden, particularly on supplementary leverage ratio rules. The exact details of these proposed changes have not been disclosed, but the move is seen as an effort to promote financial stability and competitiveness among smaller banks.
Source: https://bankautomationnews.com/allposts/risk-security/trump-administration-aims-to-drop-capital-requirement-for-smaller-banks