Fed's Barr Says Trump-Era Big Bank Deregulation Leaves Community Banks Exposed To Fallout
Synopsis
Speaking at a community banking research conference at the St. Louis Fed, Barr said that the recent capital standards proposal threatens protections for small banks.
Federal Reserve Governor Michael Barr reportedly expressed concerns on Wednesday with the central bank’s deregulation proposal, which regulators appointed by President Donald Trump have supported.
Speaking at a community banking research conference at the St. Louis Fed, Barr said that the recent capital standards proposal threatens protections for small banks. “These shifts would not make the system safer; they would leave community banks once again exposed to the fallout if the largest players stumble,” Barr said.
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