President Donald Trump signed three directives Friday aimed at unwinding regulations put into place after the financial crisis.
The moves target two key areas — "living wills" that banks must formulate to show how they would be broken up if they are in danger of failure, and the designation of what institutions will come get more intense federal scrutiny under the financial reforms.
Trump called the regulations, under the Dodd-Frank legislation, "damaging ... that failed to hold Wall Street firms accountable."
During a ceremony at the Treasury building, he also signed a measure that authorized a look into "reducing the tax burden" of Americans.
"This is such a privilege for me to sign" he said. "This is really the beginning of a whole new way of life that this country hasn't seen in really many, many years."
The banking orders "signal that the Administration will continue a push to remove key regulations that were implemented as part of the Dodd-Frank Act," analysts at FBR said in a note to clients.