Ex-Fed Governor Tarullo Warns of CFPB, Capital Changes

The transcript discusses the Treasury Department's deregulation paper, highlighting both beneficial and debatable ideas. It raises concerns about efforts to weaken the Consumer Financial Protection Bureau and reduce capital levels of large banks. The speaker emphasizes the need for higher capital levels to ensure financial system safety, especially for the largest banks.

How does the speaker suggest balancing regulations for smaller banks while ensuring safety in the financial system?

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What is the significance of the eight largest systemically important institutions mentioned?

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