Bank Regulations: Biden asks Congress for stronger regulations

https://www.reuters.com/business/finance/biden-pushes-execs-failed-banks-be-fined-banned-stripped-compensation-2023-03-17/?fbclid=IwAR0ecpZIJeAhameotRU55AOu7wAI9TbYwtHA1zZaEcKPNu2LDTXP-_-fEts

“give regulators greater power over the banking sector, including leveraging higher fines for managers, clawing back executives’ compensation and barring officials from failed banks”

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Governments are incentivised to increase controls, not all of it beneficial to the demos.

The Captain

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