US Treasury report calls for easing of dozens of Wall Street rules

Washington

THE Trump administration urged the overhaul of key rules underpinning trading in US stock, bond and derivatives markets, calling on regulators to loosen dozens of restrictions imposed on Wall Street after the financial crisis.

In a 220-page report released on Friday, the Treasury Department laid out a series of recommendations to roll back regulations affecting the largest banks, hedge funds and exchanges. Rather than making specific demands, the document is intended to be a road map for action by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).