financetom
Economy
financetom
/
Economy
/
Yellen says tailoring bank rules helpful, but strong capital requirements important
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Yellen says tailoring bank rules helpful, but strong capital requirements important
Nov 3, 2024 2:14 PM

WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen said on Tuesday that it was important to continue tailoring the complexity and severity of banking regulations to the activities of institutions to avoid undue compliance burdens, but said she is predisposed to robust capital requirements.

Yellen, asked about a proliferation of regulatory burdens from multiple agencies at an American Bankers Association annual meeting in New York, said that strong capital requirements put in place after the 2007-2009 financial crisis helped the U.S. economy weather the COVID-19 pandemic.

"Knowing how important it is to have a healthy banking system in order to have a healthy and resilient economy, I guess my predilection is very much toward robust capital liquidity, to make sure that we do have a banking system that can support the economy that's safe and sound," Yellen said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Locked out BP workers picket outside Indiana refinery amid labor contract dispute
Locked out BP workers picket outside Indiana refinery amid labor contract dispute
Mar 19, 2026
NEW YORK, March 19 (Reuters) - Workers at BP's Whiting, Indiana, refinery began picketing on Thursday after the British oil major barred more than 800 union members from entering the facility, following months of stalled contract negotiations. The labor dispute at Whiting, the Midwest's largest refinery, comes at a time of elevated gasoline and diesel prices as the Middle East...
Powell's decision on Fed board seat could shape Warsh's leadership
Powell's decision on Fed board seat could shape Warsh's leadership
Mar 20, 2026
WASHINGTON, March 20 (Reuters) - Federal Reserve Chair Jerome Powell's upcoming decision on whether to keep his seat on the U.S. central bank's Board of Governors after his leadership term ends is now a key factor in how the tenure of his would-be successor Kevin Warsh evolves, and whether President Donald Trump and Treasury Secretary Scott Bessent can pursue any...
Talk of AI disruption, wars, oil and rates dominates M&A conference even as deals soar
Talk of AI disruption, wars, oil and rates dominates M&A conference even as deals soar
Mar 19, 2026
NEW ORLEANS, March 19 (Reuters) - The value of dealmaking is close to all-time highs, even as corporate executives struggle to navigate the Trump administration's tariffs, wars on multiple continents and how artificial intelligence will shape the economy in the years ahead.  Market turmoil and political uncertainty dominated the opening sessions at Tulane University's Corporate Law Institute conference in New...
Why Is Silver Falling?
Why Is Silver Falling?
Mar 19, 2026
Precious metals faced a sell-off on Thursday. iShares Silver Trust ( SLV ) and other silver assets plummeted as investors reacted to a hawkish shift from global central banks. Silver dropped as low as 10% toward $65 per ounce, marking its lowest level since mid-December, according to data from Trading Economics. Central Banks Turn Hawkish The Federal Reserve, European Central...
Copyright 2023-2026 - www.financetom.com All Rights Reserved