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Treasury Secretary Scott Bessent speaking to reporters at the G20 Finance Ministers and Central Bank Governors' meeting in Asheville, North Carolina. Photo: Allison Joyce / AFP via Getty Images.
Treasury Secretary Scott Bessent made a case for lighter financial regulation at the G20 finance ministers gathering Monday, arguing to CEOs that post-crisis rules have squeezed small banks, according to remarks first shared with Axios.
Why it matters: The private sector has a prominent role in the U.S.-led G20, with business leaders like JPMorgan Chase CEO Jamie Dimon and Goldman Sachs chief David Solomon participating alongside finance ministers and central bankers.
