A hearing of the U.S. House Financial Services Committee marked the second time heads of federal regulatory agencies addressed lawmakers following the failure of three major banks.
FDIC chair Martin Gruenberg speaking at a March 29 hearing of the U.S. House Financial Services Committee
According to Gruenberg, Signature’s payments platform Signet — which, along with the digital asset deposits, was not included in the NYCB bid — was “in the process now of being marketed” to potential buyers. The FDIC, along with New York financial regulators,on March 12, citing risks to the U.S. economy after Silicon Valley Bank and Silvergate Bank had failed.
Nellie Liang, Under Secretary for Domestic Finance at the U.S. Treasury Department, said she didn’t believe crypto “played a direct role” in the failure of either Signature or Silicon Valley Bank: “I know that Signature had activities involved in digital assets, but I don’t believe that is the main [cause].”
The March 29 hearing marked the second time Liang, Gruenberg, and Fed vice chairman for supervision Michael Barr addressed lawmakers following the collapse of three major banks in the United States. The Senate Banking Committee held a hearing on March 28, in which Gruenberg said Silvergate Bank
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
SEC chief Gary Gensler to face Congress grilling over crypto policyThe House Financial Services Committee has jurisdiction over all aspects of the financial services sector, including banking, securities and digital assets in the United States.
Leer más »
FDIC seeking Signet buyer, returning Signature crypto deposits next weekMembers of the House Financial Services Committee pressed FDIC Chair Martin Gruenberg on the bank regulatory agency's handling of Signature's digital asset business.
Leer más »
House lawmakers tear into top bank regulators in second hearing this week on SVB collapse'We need competent financial supervisors. But Congress can't legislate competence,' House Financial Services chairman Rep. Patrick McHenry told regulators.
Leer más »
Chronic Fatigue Syndrome Has a Bacterial SignatureME/CFS may be linked to a bacterial imbalance in the gut, new research suggests. Psychobiotic digs into two recent studies of the mysterious and often stigmatized conditions.
Leer más »
Indiana bill banning gender-affirming care sent to governor for signatureIndiana's Republican General Assembly is advancing a measure to ban virtually all gender-affirming medical care for minors in the state.
Leer más »