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Stock impact report

Yellen to call for more financial stability work, thoughtful regulation [Yahoo! Finance]

First Citizens BancShares, Inc. - Class A (FCNCA) 
Company Research Source: Yahoo! Finance
"Work to build and maintain a resilient financial system is never over. We'll never be able to just declare victory," Yellen said in the remarks to the conference hosted by the Federal Reserve Bank of New York. "A resilient financial system is critical to a strong economy. And strengthening it requires insisting on thoughtful regulation, including in the face of challenges from those who advocate to roll back policies and regulations," she added. Yellen said that when she took office in January 2021, she worked to rebuild the government's focus on financial stability to ensure a system that could serve households and businesses and support prosperity. This included a focus on safe and sound financial institutions, financial market utilities, central clearing counterparties and protections for investors and consumers. This framework helped enable Treasury to take steps to protect the banking system from contagion in the spring of 2023 after the failure of Silicon Valley Bank a Show less Read more
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