Bessent and Bowman Pledge Overhaul of Bank Liquidity Rules

Also, Selig says U.S. perpetual futures trading is coming soon; Rep. Hill defers judgment on Senate bill's single-family home investor ban

Top officials at the Fed and Treasury today outlined plans for a major overhaul of the rules that force big banks to stockpile assets that can be quickly sold in a crisis. The twin speeches by Michelle Bowman and Scott Bessent cast the revamp of liquidity regulations as the crucial next step in the Trump administration’s effort to ease burdens on the fi…