Treasury Assistant Secretary Graham Steele elaborated on lessons learned and regulatory principles that were "reinforced" following the recent bank failures.
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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 House Committee on Financial Services, representatives considered legislative recommendations from the November 2021 President's Working Group Report on stablecoins.
Treasury and the Federal Housing Finance Agency suspended certain requirements of the preferred stock purchase agreements between Treasury and Fannie Mae and Freddie Mac.
The U.S. Treasury Department released a report detailing plans to reduce burdens of capital markets regulation.