US Treasury Report on Nonbank Financials, Fintech, and Innovation
On Tuesday 31 July, the United States Department of the Treasury issued its report on Nonbank Financials, Fintech, and Innovation. This is the fourth and last scheduled report on financial market regulatory reform in response to Executive Order 13772. It makes about 80 recommendations for improvements to the regulatory landscape that will better support nonbank financial institutions, embrace financial technology, and foster innovation.