POLITICO: Sen. Elizabeth Warren raised concerns Tuesday that negotiations over new trade agreements could be used as a backdoor way to water down financial regulations.
Speaking at a Senate confirmation hearing for Export-Import Bank President Fred Hochberg, Warren (D-Mass.) said there are “troubling indications” that negotiations over trade deals with Asia and Europe could be seen as an opportunity for banks to quietly weaken oversight of the financial services industry.
The agreements are “a chance for these banks to get something done quietly out of sight that they could not accomplish in a public place with the cameras rolling and the lights on,” Warren said… (more)
