US Treasury to Streamline Bank Regulators: Semafor Reports

THE US TREASURY department is preparing recommendations for streamlining some banking regulators, Semafor reported on Monday, as it seeks a stronger role in the oversight of the country's biggest lenders.

- REUTERS

The recommendations could impact the Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation, the report said, citing three people familiar with the process. The FDIC and OCC declined to comment. The Treasury department did not immediately respond to a Reuters request for comment.