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Treasury Releases Plan for Loosening Wall Street Rules

The report sets a course for regulatory changes by the SEC and CFTC.

The Trump administration on Friday urged the overhaul of key rules underpinning trading in U.S. stock, bond and derivatives markets, calling on regulators to loosen dozens of restrictions imposed on Wall Street after the financial crisis.

The 220-page report written by the Treasury Department lays out a series of recommendations for the Securities and Exchange Commission and the Commodity Futures Trading Commission. Rather than making specific demands, the document is intended to be a road map for the agencies to streamline regulations affecting the largest banks, hedge funds and exchanges.

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