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

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

Free Trial

Register for free to keep reading.

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Regular podcasts from trusted external experts
  • Fresh compliance and regulatory content every day
Register for free Already a member? Sign in