US Treasury official Beisent said that the banking regulatory framework needs to be further reformed. Bank of America regulators should consider abandoning the bank's “flawed” dual capital requirement. Bank supervisory authorities must perform their statutory duties, maintain financial security and stability, and protect consumers' rights and interests.

US Treasury official Beisent said that the banking regulatory framework needs to be further reformed. Bank of America regulators should consider abandoning the bank's “flawed” dual capital requirement. Bank supervisory authorities must perform their statutory duties, maintain financial security and stability, and protect consumers' rights and interests.