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Yellen says government stemmed contagion in wake of SVB but reform now needed

Janet yellen
Photo: Drew Angerer/Getty Images

Treasury Secretary signals review of regulatory regime in wake of bank failures, and possible extension of backstops.

US Treasury Secretary Janet Yellen has said “we will need to re-examine our current regulatory and supervisory regimes and consider whether they are appropriate for the risks that banks face today” in remarks to the American Bankers Association.

Speaking Tuesday in Washington DC, Yellen also outlined why the federal government