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How much regulation of the banking system is necessary. President Trump is reversing regulations promulgated by...

How much regulation of the banking system is necessary. President Trump is reversing regulations promulgated by President Obama, The Dodd-Frank has been amended to lower requirements of small banks. (some outside research is suggested) Where should banking oversight go from here??

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Answer #1

There should be proper regulation in banking system for safety, security and smooth functioning of banks and other financial institutions. Government plays a great role in regulating banking system.

Current president Mr. Donald Trump signed a bill rolling back some banking regulations in the law, this bill will ease the banking system and it will exempt some small and local banks from the strict regulation, it also provides some relaxation to the big banks by loosing some rules for protecting the biggest banks from collapse. Banks who have assets more than $50 Billion will not be under toughest banking regulation.

Critics say, this bill will lead to the US banks into the financial crisis that happened in 2008-09.

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