US Treasury Sec. Yellen: Banking system has stabilized in past few week
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US Treasury Secretary Janet Yellen said on Friday that the US banking system has stabilized during the last few weeks. She added they continue to be vigilant and monitor conditions closely. She spoke at the Financial Stability Oversight Council Meeting, which will vote on two proposals: a framework for financial stability risk identification, assessment, and response; and a interpretive guidance on nonbank financial company designations.
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