Looking ahead to next year's congressional session, Treasury Under Secretary John D. Hawke Jr. on Monday outlined what he'd like to see in any banking bill.

First, he said, any financial services modernization bill must let banks offer insurance. "You should protect competition and not competitors," Mr. Hawke said a meeting sponsored by the Institute of International Bankers.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.