Treasury recommended best practices for financial institutions that have made "net-zero" financing and investment commitments.
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Treasury Under Secretary for Domestic Finance Nellie Liang highlighted steps regulators must take to identify vulnerabilities within the financial system, in order to help prepare for shifts in systemic liquidity demand and supply.
Treasury Secretary Janet Yellen described U.S. banking regulators' response to recent bank failures and highlighted Treasury's regulatory approach to risks posed by nonbank financial institutions.
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.
Treasury announced that, after the necessary consultation with the FDIC and the SEC, it is providing a retail broker-dealer with a conditional exemption from certain Dodd-Frank recordkeeping requirements for certain of its qualified financial contracts.