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Yellen urges incoming Trump not to take radical measures to interfere with necessary bank supervision
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2024-12-14 09:03 2,034
Golden Finance reported that Reuters exclusively revealed that U.S. Treasury Secretary Yellen urged the incoming Trump administration on the 13th local time not to interfere with appropriate supervision of U.S. banks’ capital levels, liquidity and risk-taking. These regulations are important to ensure that banks The health of the system is critical. Reuters mentioned that Yellen has served as Treasury Secretary in the Biden administration since January 2021. She said that the current regulatory system in the United States is not perfect, and it is reasonable to seek ways to reduce the burden. But she also warned that given the history of bank failures triggering financial crises, drastic measures should not be taken to interfere with necessary supervision. "I don't want to say that what we have is absolutely sacrosanct or untouchable. But I don't think it's broken. We have a great system," Yellen told Reuters. (Global Network)
Keywords: Bitcoin
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