WASHINGTON -Recent banking sector turmoil is a reminder that work on reforms remains unfinished, and there is a need to 'consider whether deregulation may have gone too far,' US Treasury Secretary Janet Yellen said Thursday. Yellen's speech, at a National Association for Business Economics conference, comes a day after US regulators charged with overseeing Silicon Valley Bank (SVB) acknowledged that they shared in the blame for its swift failure. SVB's collapse in March following a bank run sparked a broader sell-off of banking stocks, while authorities including the Federal Reserve and Treasury embarked on a coordinated effort to prevent contagion.

https://business.inquirer.net/393938/us-bank-deregulation-may-have-gone-too-far-says-treasury-secretary

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