Senate new chairman, Giancarlo , says that tough bank capital requirements must be adjusted as part of a regulatory pullback strategy so as to bolster America economic growth. Giancarlo said the rules were misguided because they heightened liquidity risk. He adds that regulators had gone too far in their restrictions since the 2008 financial crisis. " Today , US 's derivatives markets are struggling, in some cases, under the weight of flawed and excessive regulation," says J Christopher Giancarlo .
Senate new chairman, Giancarlo , says that tough bank capital requirements must be adjusted as part of a regulatory pullback strategy so as to bolster America economic growth. He adds that regulators had gone too far in their restrictions since the 2008 financial crisis. " Today , US 's derivatives markets are struggling, in some cases, under the weight of flawed and excessive regulation," says J Christopher Giancarlo .