Yellen Calls Friday FSOC Meeting After Banking-Sector Turmoil

  • Regulators seeking to calm markets, depositor concerns
  • FSOC members include leaders of Federal Reserve, FDIC

Treasury Secretary Janet Yellen will convene the heads of top US financial regulators Friday morning for a previously unscheduled meeting of the Financial Stability Oversight Council.

The meeting will be closed to the public, the Treasury Department said in a statement. The Treasury didn’t say what time the meeting would begin, and it wasn’t immediately clear whether the council would issue a statement following the meeting.

Source: https://www.bloomberg.com/news/articles/2023-03-24/yellen-calls-friday-fsoc-meeting-after-banking-sector-turmoil#:~:text=Treasury%20Secretary%20Janet%20Yellen%20will,Department%20said%20in%20a%20statement.