U.S. Treasury Secretary Yellen: More non-bank financial institutions will be listed as targets of strict supervision
US Treasury Secretary Yellen stated on Friday that after months of discussion, senior officials voted on a new framework for defining systemically important financial institutions. Being labeled "too big to fail" carries significant compliance costs and regulatory challenges, and since it was introduced over a decade ago, this label has mainly been applied to large Wall Street banks. Yellen did not name which institutions would be subject to stricter regulation. However, this new process could result in some non-bank financial companies being subject to stricter regulation. Yellen stated that "strong procedural protections will be provided for companies undergoing evaluation, including important committee involvement and communication, and opportunities to hear these companies' opinions." She also stated that the highest regulatory body will vote to issue a new "financial stability risk analysis framework" to better explain how it assesses and addresses potential risks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SUI Jumps 73% After Grayscale and Mastercard Boost
SUI gains 73% in a week, driven by a Grayscale Trust listing and a strategic partnership with Mastercard.SUI Skyrockets After Major Institutional MovesMastercard Partnership Fuels Adoption HopesWhat’s Next for SUI?
Whale Buys Back 8K ETH, Nets $159K in 10 Days
Whale repurchases 8,012 ETH at $1,779, repays debt, and earns $159K from ETH trading over 10 days.Whale Re-Enters ETH With $14M BuybackSmart Debt Management and Strategic TimingProfit Through Precision
Solana Price Eyes $162, Cardano Slides Again, While Unstaked Presale Goes Viral in April 2025
Explore a timely comparison of Cardano, Solana, and Unstaked ($UNSD) focusing on real-time utility, price levels, and presale potential. Find out what crypto to invest in for both short-term strategy and long-term value.Cardano Slides Back Into Multi-Year RangeSolana Faces Crucial Test Near Largest Supply ClusterUnstaked Is More Than Hype: A Real Use Case in a Meme-Driven MarketUtility, Timing, and the Case for $UNSD
DOGE Eyes $0.29, Pi Hangs by a Thread But BlockDAG’s Buyer Battles Is Where the Real Action Starts
Dogecoin (DOGE) price prediction targets $0.29, PI coin price stabilizes below $0.75, but all eyes are on BlockDAG’s $0.0025 Buyer Battles where top buyers win millions in BDAG daily.BlockDAG Buyer Battles Heat Up at $0.0025Pi Coin Price Holds Steady as Breakout Faces ResistanceDogecoin (DOGE) Price Prediction Targets $0.29 if Support HoldsKey Insights
Trending news
MoreCrypto prices
More
