Should US banks do more to prevent a banking crisis?

Should US banks do more to prevent a banking crisis?
 

Shares in US banks have surged since Donald Trump won the US election. It is in expectation of the president-elect's proposed bonfire of what he believes are rules and regulations that hamper business.
But in banking, many of those rules were put in place after the last financial crisis in the hope of preventing a future meltdown.
Now Neel Kashkari, president of the Federal Reserve Bank of Minneapolis is proposing an alternative that may be more in line with Donald Trump's way of thinking.
He believes that banks should be forced to massively increase their capital reserves - the amount of... read more

 
25 November 2016 in Business, Views: 47
Source: BBC
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