Federal Reserve Governor Michael Barr reportedly expressed concerns on Wednesday with the central bank's deregulation proposal, which regulators appointed by President Donald Trump have supported.

Speaking at a community banking research conference at the St. Louis Fed, Barr said that the recent capital standards proposal threatens protections for small banks.“These shifts would not make the system safer; they would leave community banks once again exposed to the fallout if the largest players stumble,” Barr said.

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