US Regulators Confirm Soundness of Banking System Despite Closed Meeting and Goldman Sachs Debacle
TL;DR
The US Treasury's Financial Stability Oversight Council held an unscheduled, closed meeting where the Federal Reserve Bank of New York staff gave a presentation on market developments, concluding that the US banking system "remains sound and resilient." The council also discussed member agencies' efforts to monitor financial developments. The transparency of the FSOC was criticized by House Financial Services Committee Subcommittee Chairs Andy Barr and Bill Huizenga, who asked for unredacted minutes of previous meetings.
Topics:businessfinance#banking-system#federal-reserve#finance#financial-stability-oversight-council#transparency#us-treasury
- US Treasury’s Financial Stability Oversight Council held unscheduled, closed meeting Cointelegraph
- Goldman Sachs: Should it be punished for its role in the Silicon Valley Bank debacle? Yahoo Finance
- Yellen, US Regulators Say Some Banks Under Stress But Financial System Sound Bloomberg
- U.S. Treasury says FSOC agreed banking system sound Reuters
- U.S. regulators say banking system 'sound and resilient' Yahoo Finance
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