FDIC Bank Capital, Climate Focus Set for Reboot, Vice Chair Says

A key US banking regulator will be more welcoming to crypto and financial technology partnerships and dial back proposed capital requirements under the incoming Trump administration, a top contender to lead the agency said.

Banks can also expect examiners at the Federal Deposit Insurance Corp. to focus less on process and more on actual financial weaknesses within financial institutions, Republican Vice Chairman Travis Hill said in a Friday speech to the American Bar Association.

The FDIC will also exit the Network for Greening the Financial System, an international body aimed at reducing finance’s climate effects, as part of a broader ...