Continued
“… In a recent proposal, one individual would lead both the OCC and the FDIC, people familiar with the matter said. That would allow the OCC to attempt to take over all of the FDIC’s work supervising banks and potentially its role winding down failed banks, the people said. The FDIC, which is funded by insurance premiums paid by banks, would be left in charge of deposit insurance.
… Bankers have remained broadly optimistic that Trump’s administration will have a friendlier stance toward capital requirements, mergers and acquisitions and technology partnerships.
But they would be wary if any changes threatened to undermine even the perception of the ability for the government to insure deposits, monitor risks and coordinate orderly closures across the more than 4,000 banks in the country.
Some bankers have called for the expansion of deposit insurance, particularly in the wake of several bank failures in 2023.
Not all banks are against a system of multiple regulators, which allows them to shop around for a lighter touch and work with staff familiar with their size and complexity. …”