The Trump administration on Friday urged the overhaul of key rules underpinning trading in U.S. stock, bond and derivatives markets, calling on regulators to loosen dozens of restrictions imposed on Wall Street after the financial crisis.

The 220-page report written by the Treasury Department lays out a series of recommendations for the Securities and Exchange Commission and the Commodity Futures Trading Commission. Rather than making specific demands, the document is intended to be a road map for the agencies to streamline regulations affecting the largest banks, hedge funds and exchanges.

While some of the changes would require congressional action, most could be accomplished by rewriting regulations. The markets review was spurred by President Donald Trump's February executive order calling for a broad rethink of financial regulations. Treasury issued a separate report on bank oversight reforms in June, and another on asset managers is set to be released in the coming days.