Treasury reviewed the benefits and risks arising from the increased use of cloud services technology by financial sector firms.
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At a hearing before the Senate Committee on Banking, Housing and Urban Affairs, Treasury Secretary Janet L. Yellen testified on the Financial Stability Oversight Council's 2021 Annual Report to Congress.
In a Treasury hosted U.S. Financial Sector Innovation Policy Roundtable, policymakers, regulators and private sector experts discussed how innovations can eliminate redundancies, reduce costs, combat illicit use and promote financial inclusion.
U.S. Treasury Deputy Secretary Sarah Bloom Raskin urged leaders in the financial services industry to develop cyber defenses predicated on a "common, risk-based" approach.