A cheat sheet guide to Treasury's extensive reg relief wish list: The agency's much-anticipated report included a host of recommendations, many of which were expected old-standbys, but there were also a few surprises in store.

The article presents the U.S. Treasury Department’s recommendations on revamping financial industry regulations. The report calls for the implementation of the remaining aspects of the Basel III standards, including capital floors, calls for Congress to expand the authority of the Financial Stability Oversight Board and seeks additional flexibility for community development financial institutions.