As Prepared for Delivery Chairwoman Waters, Ranking Member McHenry, and Members of the Committee, thank you for giving me the opportunity to speak to you today. I am here today in my capacity as Chair of the National Advisory Council on International Monetary and Financial Policies (NAC) to discuss Treasury’s oversight of the International Financial Institutions (IFIs) and […]
Category Archives: U.S. Treasury
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Director General Tedros Adhanom Ghebreyesus of the World Health Organization (WHO)
WASHINGTON – Today, Secretary of the Treasury Janet L. Yellen met with Director General Tedros Adhanom Ghebreyesus of the World Health Organization (WHO) to discuss the COVID-19 response and longer-term financing for, and strengthening of, the global architecture for pandemic preparedness, including through the G20 Finance Health Task Force (FHTF) and a financial intermediary fund […]
Treasury Sanctions Russia-Based Hydra, World’s Largest Darknet Market, and Ransomware-Enabling Virtual Currency Exchange Garantex
United States, International Partners Carry Out Multilateral Operation Targeting Russian Cybercrime WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the world’s largest and most prominent darknet market, Hydra Market (Hydra), in a coordinated international effort to disrupt proliferation of malicious cybercrime services, dangerous drugs, and other […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Visit to Berlin, Germany
BERLIN — Deputy Secretary of the Treasury Wally Adeyemo traveled to Berlin, Germany to conclude his European trip focused on coordinating economic pressure on Russia for its war against Ukraine. He met with German government counterparts, including Wolfgang Schmidt, Head of the Federal Chancellery, Dr. Jörg Kukies, Chief Economic and EU Advisor to the German Chancellor, Luise Hölscher, State Secretary for the Ministry […]
Deputy Secretary of the Treasury Wally Adeyemo’s Visit to Paris, France
PARIS — Deputy Secretary of the Treasury Wally Adeyemo visited Paris, France from March 30-31 to continue close coordination on financial pressure tools to hold Russia accountable for its illegal invasion of Ukraine. The Deputy Secretary met with members of the French interagency team involved in the international Russians Elites, Proxies, and Oligarchs (REPO) Task […]
Acting Comptroller Discusses Large Bank Resolvability
News Release 2022-33 | April 1, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed financial stability and large bank resolvability at the University of Pennsylvania Wharton School of Business. In his remarks, Acting Comptroller Hsu discussed gaps in resolvability for the largest non-global systemically important banks, potential solutions, and the […]
Treasury Targets Democratic People’s Republic of Korea (DPRK) Weapons of Mass Destruction Organization and Subsidiaries
WASHINGTON — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today sanctioned five entities for providing support to the DPRK’s development of weapons of mass destruction (WMD) and ballistic missile programs in violation of multiple United Nations Security Council resolutions (UNSCRs). The DPRK has conducted a series of escalatory ballistic missile […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Jamaican Prime Minister Andrew Holness
U.S. Secretary of the Treasury Janet L. Yellen met yesterday with Jamaican Prime Minister Andrew Holness, Finance Minister Nigel Clarke, and Foreign Affairs Minister Kamina Johnson Smith to underscore our countries’ close partnership and shared priorities for building climate resilience, strengthening sustainable infrastructure development, and promoting digitalization, all of which the Build Back Better World […]
Acting Comptroller Discusses Managing Tail Risks
News Release 2022-32 | March 31, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed managing low probability, high impact risk events, or tail risks, at the American Bankers Association Risk 2022 Conference. In his remarks, Acting Comptroller Hsu discussed how Russia’s invasion of Ukraine has affected tail risks, and tail […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Visit to Brussels, Belgium
BRUSSELS — Deputy Secretary of the Treasury Wally Adeyemo traveled to Brussels, Belgium to continue close coordination with the European Union on sanctions imposed on Russia for its unprovoked war on Ukraine. The Deputy Secretary, joined by OFAC Director Andrea Gacki, held a dialogue on sanctions with European Commissioner for Financial Services, Financial Stability, and Capital Markets Union Mairead McGuinness, and Stefano Sannino, […]