US Treasury Sec. Yellen: Banking system is sound, even as it has come under pressure – by MSalordFX UnitedStates CryptoCurrencies BankStocks
mains them the “urgent need” to complete unfinished post-crisis reforms. “The US banking system is sound”:
“During the COVID pandemic and again this month, the proverbial fire department had to be called – in the form of interventions by theurgent need to complete unfinished business: to finalize post-crisis reforms, consider whether deregulation may have gone too far, and repair the cracks in the regulatory perimeter that the recent shocks have revealedThe new Fed facility and discount window lending are working as intended to help banks meet the needs of all of their depositors.
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