Financial Digest

Kevin Cramer insists banks 'don't need any more regulation' following SVB collapse

  • 📰 dcexaminer
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 94%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Sen. Kevin Cramer (R-ND) rebuffed calls for increased banking regulations in the wake of Silicon Valley Bank's collapse.

The senator took note of inflationary pressures and other economic turbulence that preceded SVB's collapse but downplayed concerns that the rollback of the Dodd-Frank regulations for mid-sized banks during the Trump administration contributed to it."They certainly don't need any more regulation. That doesn't mean that you can be mismanaged," Cramer told NBC's Meet the Press.

Instead of bolstered regulation, Cramer suggested smaller banks could get"better oversight, but certainly not more regulation." Cramer sits on the Senate Committee on Banking, Housing, and Urban Affairs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Lol

There never enough laws to prevent STUPIDITY.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

White House economist says she has faith in banking regulators as SVB failsA top White House economist said Friday that she had confidence in the banking system and its regulators, when she was asked about Silicon Valley Bank’s...
Source: MarketWatch - 🏆 3. / 97 Read more »