“We need to make sure that these largest financial firms that are complex and interconnected have tougher regulation, higher capital requirements, more stringent activities and restrictions alike.”
Barr emphasizes the need for stricter regulations on large financial firms.
Share
More from Michael S. Barr
We definitely want innovation in our banking system. Innovation has been critical to having a thriving financial sector and a thriving economy.
The answer is that the Biden Administration allowed this to happen by pursuing a policy of weakness and appeasement that allowed Iran to finance this invasion.
I don't agree with that assessment. I think that capital in general is facilitating strong lending to all communities, and having strong capital in the system is critical for doing that.