In testimony before the House Financial Services Committee, SEC Chair Gensler highlighted regulatory initiatives on equity markets and private funds, artificial intelligence and predictive data analytics, crypto assets, and climate change disclosure.
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Senate Banking Committee Chair Sherrod Brown asked Treasury Secretary Janet L. Yellen and the Financial Stability Oversight Council to examine the "full framework of regulations protecting depositors, consumers, and the U.S. financial system" in order to strengthen the financial system against current risk.
FDIC Chair Martin J. Gruenberg, Federal Reserve Board Vice Chair for Supervision Michael S. Barr and Treasury Undersecretary for Domestic Finance Nellie Liang testified before the House Financial Services Committee on the Signature Bank and Silicon Valley Bank failures.
FDIC Chair Martin Gruenberg, Federal Reserve Board Vice Chair for Supervision Michael Barr and Treasury Undersecretary for Domestic Finance Nellie Liang testified before the Senate Banking Committee on the Signature Bank and Silicon Valley Bank failures.
Subcommittee on Oversight and Investigations Chair Bill Huizenga (R-MI), and Subcommittee on Financial Institutions and Monetary Policy Chair Andy Barr (R-KY) requested information from federal and state regulators on their supervisory activities and coordination with other regulators leading up to the collapse of Silicon Valley Bank and Signature Bank.