US Treasury considers measures to bolster financial stability, says Adeyemo
Deputy Treasury Secretary Wally Adeyemo has announced that the US Treasury is exploring ways to further strengthen the country's financial stability by monitoring the health of mid-sized and regional banks and considering decisive action to protect depositors and ensure liquidity.
The U.S. Treasury is always keeping a close eye on the health of mid-sized and regional banks, and Deputy Treasury Secretary Wally Adeyemo has recently announced that the department is exploring ways to further strengthen America's financial stability. Adeyemo highlighted that decisive action has been taken by the Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation to stabilize the banking system by protecting depositors in Silicon Valley Bank and Signature Bank and ensuring liquidity for other banks. Despite these efforts, there is still a need for a review of the banks' failures to ensure that the set of rules and procedures for the banking system continues to protect the economy and depositors across the country
