Treasury Secretary Scott Bessent wants to overhaul a regulatory body put in place to identify threats to the banking system following the 2008 financial crisis. CNBC reported that Bessent will issue a letter detailing changes to the Financial Stability Oversight Council. The panel is composed of 15 financial regulators led by the treasury secretary. “The Council will work with and support member agencies in considering whether aspects of the U.S. financial regulatory framework impose undue burdens and ne ...