WASHINGTON — The Treasury Department released a legislative outline Wednesday offering more details on how it would implement a ban on certain risky activities and cap financial institution size.

The administration wants to limit any bank from holding more than 10% of the industry's net liabilities. The curb would only apply when a bank was trying to expand through acquisition, similar to an existing cap on any institution holding more than 10% of the nation's deposits.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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