February 14, 2017 / 7:08 PM / 7 months ago

Fed's Kaplan says he is open to some changes to Dodd-Frank

HOUSTON (Reuters) - Dallas Federal Reserve Bank President Robert Kaplan on Tuesday expressed support for rolling back some parts of the Dodd-Frank Wall Street reform act, as long as the priority is reduction of rules for small and midsize banks, and not for big ones.

“I am fine with a review of Dodd-Frank,” he said in Houston, but added that tough regulations should remain in place for big banks, including higher capital requirements and stress tests.

Reporting by Ann Saphir; Editing by Meredith Mazzilli

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