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It's an attitude supported by both President Donald Trump, who argues that excess regulation since the crisis had hindered U.S. economic growth, and the country's largest banks. Companies from JPMorgan Chase & Co. (JPM - Get Report) to Citigroup Inc. (C - Get Report) and Bank of America Corp. (BAC - Get Report) would stand to benefit from looser rules.
"The key question," Quarles said during his hearing, "will be ensuring that, as we continue to refine the system over time, we do so while maintaining the robust resilience of the system to shocks."
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