Treasury Secretary Janet Yellen on Capitol Hill this week. Photo: Valerie Plesch/Bloomberg via Getty Images
She discusses the risks to the banking system in the aftermath of the Silicon Valley bank Failure, and said it is "important that we reexamine whether our current supervisory and regulatory regimes are adequate for the risks that banks face today."Money market funds "If there is any place where the vulnerabilities of the system to runs and fire sales have been clear-cut, it is money market funds," Yellen will say.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Key word is “talk” the rest is just bull 💩
More banking regulator mishmosh on how money market mutual funds are more risky and less liquid than bank accounts, which as the data shows is patently false. See SVB.