KBW CEO Sees Great Treasury Road Map on Regulations

The transcript discusses the impact of the Trump administration on deregulation, focusing on the banking sector. It highlights the surplus capital in banks post-crisis and questions the current regulatory machinery in Washington. The Treasury report is seen as a roadmap for future amendments. The Fed's approach to stress tests is evolving, with a move towards more transparency under Jay Powell's supervision.

How has the Fed responded to the industry's complaints regarding stress tests?

What changes does the speaker anticipate from the Fed in terms of transparency?