The Treasury Secretary set a new direction for the Financial Stability Oversight Council, emphasizing growth rather than social and climate change. The post Golden Age: Bessent Shifts Financial Stability Panel Focus to Growth, Steers Away From Woke Regulation appeared first on Breitbart.
Treasury Secretary Bessent is steering the Financial Stability Oversight Council (FSOC) to prioritize economic growth and streamline supervision, moving away from regulations focused on social and environmental concerns. He aims to refocus supervision on material financial risks, eliminate reputational risk as a basis for criticism, and promote private sector empowerment through deregulation. The FSOC also discussed Treasury market updates and cybersecurity risks, emphasizing interagency coordination. This shift reflects the Trump administration's broader effort to reshape financial regulation toward a growth-oriented approach.
