Yellen: 2023 bank runs highlight need for ‘thoughtful regulation’

Treasury Secretary Janet Yellen said Thursday (Sept. 26) that it takes continuous work to build and maintain a resilient financial system.

In remarks prepared for delivery at the 2024 U.S. Treasury Market Conference, Yellen outlined financial regulators’ work related to banks, nonbanks and “cross-cutting risks” like cybersecurity and artificial intelligence.

“A resilient financial system is critical to a strong economy,” Yellen said. “And strengthening it requires insisting on thoughtful regulation, including in the face of challenges from those who advocate to roll back policies and regulations.”

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