Joe Biden is calling on US regulators to tighten up rules for medium-sized banks, including overturning some of the Trump-era rules.
The filing follows the bankruptcies of Silicon Vally bank and Signature Bank.
Biden, reports a White House official, supports the hypothesis of more stringent rules for banks with over 100 billion dollars in assets, as in the case of Svb.
The president is also in favor of abolishing some of the Trump-era rules to bring back many of the measures of the Dodd-Frank financial reform of 2008. While not proposing legislative solutions, the White House calls for annual stress tests, and not every two years as it is now, for banks with 100-250 billion dollars of assets and a strengthening of supervisory tools to ensure that banks can support the interest rate hike.