The Growing Push to Rein in Bank Supervisors' `Veil of Secrecy'

Also, EU audit regulators warn about abolishing the PCAOB; regulators seek comments on check fraud

The Trump administration has been contemplating sweeping changes to the way banks are supervised. Yet according to Treasury Deputy Secretary Michael Faulkender, a problematic piece of the rulebook is standing in the way. “If a bank CEO walks into my office and explains to me why they have been written up in a bank examination, they are committing a viol…