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Trump to sign 'financial-related' executive actions on Friday: Sources

Kayla Tausche
Chip Somodevilla | Getty Images. President Donald Trump is expected to sign multiple "financial related" executive actions at the Treasury on Friday, sources said.

President Donald Trump is expected to sign multiple "financial related" executive actions at the Treasury on Friday, sources told CNBC.

The White House confirmed that one of the items will be a presidential memorandum on orderly liquidation authority, which allows regulators to seize and wind down a failing bank.

The provision was part of Dodd-Frank, lumped in with the Treasury's ability to designate non-banks as systemically important financial institutions.

The memorandum is expected to direct Treasury Secretary Steven Mnuchin to review and report on the matter and determine whether it is useful or problematic.

Newswires reported Thursday evening that Trump will sign a second memorandum on Friday concerning the Financial Stability Oversight Council, and he will also sign an executive order on identifying and reducing tax regulatory burdens.

In February, Trump signed an order directing the Treasury to conduct a review of financial system regulations, including a number of banking industry rules created in the wake of the 2008 financial crisis.

Clarification: After sources indicated to CNBC that President Donald Trump would sign two executive orders, subsequent reporting showed it will likely be one executive order and two presidential memoranda.



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