US Treasury report in focus: access to capital and derivatives

Author: John Crabb | Published: 16 Oct 2017

The US Department of the Treasury released on October 6 the second instalment of its recommendations on how to improve the country’s financial system, this time focusing on better access to capital and derivatives. The first report, out in June, was centered on banks and credit unions.

At 232 pages, the report is extensive to say the least, but has been met with a relatively warm response. In keeping with the previous report, the suggestions focused on tweaking the interpretations of existing regulations rather than suggesting new ones.

Like the first report the vast majority of the recommendations could be addressed by regulatory agencies, primarily the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), rather than by legislation.

Responding to President Donald Trump’s February 2017 executive order 13772 on Core Principles for Regulating the United States Financial System, the report '[identifies] laws, treaties, regulations, guidance,...