Summary of recommendations for regulatory reform: A financial system that creates economic opportunities

摘要

President Donald J. Trump established the policy of his Administration to regulate the United States financial system in a manner consistent with a set of Core Principles. These principles were set forth in Executive Order 13772 on February 3, 2017. The Core Principles are: A. Empower Americans to make independent financial decisions and informed choices in the marketplace, save for retirement, and build individual wealth; B. Prevent taxpayer-funded bailouts; C. Foster economic growth and vibrant financial markets through more rigorous regulatory impact analysis that addresses systemic risk and market failures, such as moral hazard and information asymmetry; D. Enable American companies to be competitive with foreign firms in domestic and foreign markets; E. Advance American interests in international financial regulatory negotiations and meetings; F. Make regulation efficient, effective, and appropriately tailored; and G. Restore public accountability within Federal financial regulatory agencies and rationalize the Federal financial regulatory framework.