U.S. Treasury Secretary Steven Mnuchin is open to loosening financial crisis-era regulations that have stiffened liquidity rules for big banks to relieve possible cash crunches in short-term funding markets.
Mnuchin said in an interview Tuesday that he had spoken to Jamie Dimon, chief executive of JPMorgan Chase & Co., and other banks about how to avoid liquidity problems.
The full article is available at https://www.bloomberg.com/news/articles/2019-10-29/mnuchin-open-to-looser-rules-backed-by-dimon-to-ease-repo-stress