Fed’s Kashkari: Keep Dodd-Frank regulations in place for big banks
May 10, 2017
Minneapolis Federal Reserve Bank President Neel Kashkari said on Wednesday that there should not be any relaxation of regulations that have tightened oversight of Wall Street.
“Progress has been made. I wouldn’t want to roll that back off the biggest banks,” Kashkari said at an event in Minneapolis, when asked about the fate of the Dodd-Frank reform act that was passed in part to prevent big banks from causing a repeat of the 2007-2008 financial crisis.
“I do want to roll back some of that … off of the little banks that are not systemically risky for the country that are being caught up in the same regulatory net,” he added.