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Two years ago, the United States was at the edge of the most dangerous set of banks’ failures since the 2008 financial storm. It has been close to provoking a complete crisis. SVB was several immediate reasons. The property of the bond was collapsing in value, as it pushed US interest rates up. With a few taps on the application, the bank’s high -tech customer base and the interconnection of the bank have been eliminated at an unnecessary pace, leaving the owners of multiple millions of federal assistance.

In 2008, rapid crisis skills organizations helped avoid a wider financial infection. You should wave on the horizon in the dark episode in the minds of US President Donald Trump’s presidents, happy financial president, and organizer. After all, the American Federal Reserve It was identified The lighter supervisory burden placed on smaller banks like SVB in its first term in 2018 as a major element in its failure.

The UNEgery of the Byzantine United States of the Financial Organizers overlapping in the Federal and the state is already mature to simplify and reform. However, employees turn to the maximum higher levels in the new Trump administration, indicating the abolition of restrictions for its interest, not an unclear efficiency campaign. Banking stock owners lick their lips. Disposal manufacturers believe that impending fire from the red tape will open profitable opportunities for lenders. But every serious banker knows that the random reorganization of trouble to store troubles at a later time.

Gary Ginsner, Bogman, left the agenda of canceling the organizational restrictions, the Securities and Exchange Commission, the main financial market control Authority, shortly before the new president settled. On the basis that they harm the shareholders.

Martin Greenberg, head of the Insurance Corporation for federal deposits, is likely to be replaced by Travis Hill, who wants a lighter approach to capital requirements and technology regulation. Next is the Financial Consumer Protection Office, which temporarily stopped organizational work Russell vickt. The hard -line governor, who was the head of the acting body, describes it as “wake up.”

Trump’s embrace of cryptocurrencies is particularly concerned. He laid the basis for a possible national strategic reserve for speculative symbols, support for encryption projects launched by his children, and his Mimikoin began. The newly proposed changes in accounting guidance would make it much easier for banks and asset managers to keep codes of encryption – a step that pulls very volatile assets near the heart of the financial system.

Where the American banking system goes, other major financial centers will be lured. The European Union and the United Kingdom have already cooled on the requirements of the hard capital of banks under the “end of the game” to Basel III, following the progress of the United States. But given the expansion of America’s plans to reduce the financial red tape, the risk of a broader race to the bottom remains in the regulatory standards.

“The standard cancellation wave” is a big mistake and will be dangerous. ” Banking. Trump is likely to avoid any repercussions of this free organization for all in banks and financing: Deep problems within the financial system often take years to develop into clear crises. But if the new administration is involved in unknown organizational discounts, then we can all feel the effects soon enough.