Mnuchin's comments arrive just days after Senator Elizabeth Warren warned the Treasury Secretary not to ease the bank regulations.
US Treasury Secretary Steven Mnuchin is open to loosening laws that require banks to create emergency reserves for liquidity crises, Bloomberg reported Tuesday. Mnuchin said he spoke with JPMorgan CEO Jamie Dimon and other banks about a September lending rate spike and how to avoid similar issues. Dimon recently said JPMorgan would have intervened in September's liquidity crisis had laws been looser.
US Treasury Secretary Steven Mnuchin is open to loosening laws that require banks to create emergency reserves for liquidity crises, Bloomberg reported Tuesday. Mnuchin said he spoke with JPMorgan CEO Jamie Dimon and other banks about a September lending rate spike and how to avoid similar issues. Dimon recently said JPMorgan would have intervened in September's liquidity crisis had laws been looser.
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