- Joe Biden calls for tougher regulation of large regional banks.
- Reforms announced in response to the collapse of Silicon Valley Bank.
- White House wants to roll back Trump-era rules that loosened liquidity and capital requirements.
- Biden wants stress tests to ensure banks have enough capital to withstand rising interest rates.
- Deposit insurance fund should avoid hitting community banks as it replenishes with fees from other lenders.
Joe Biden calls on US regulators to toughen rules for large regional banks
Push to unwind Trump-era rule changes comes as policymakers consider long-term response to recent crisis
James Politi
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