WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today testified on bank supervision before the Committee on Banking, Housing, and Urban Affairs of the U.S. Senate. In his testimony, Mr. Hsu shared his observations on recent bank failures and discussed the resiliency of the federal banking system. He also discussed the Office of the Comptroller […]
Category Archives: U.S. Treasury
Treasury Department Releases Progress Report Detailing Price Cap’s Success One Year After Launch
WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Terrorist Financing & Financial Crimes and Office Economic Policy released a progress report that underscores the price cap on Russian oil’s success in achieving its dual goals: reducing Russia’s revenue and keeping the global energy market stable. Treasury, the U.S. government, and the price […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Bank Policy Institute
WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen met with more than two dozen CEOs and executives convened by the Bank Policy Institute (BPI) to discuss the current state of the economy and President Biden’s economic agenda. Secretary Yellen reaffirmed the strength and soundness of the U.S. banking system, noting that it […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Meeting with Finance Minister of Ghana Kenneth Ofori-Atta
WASHINGTON – Today, U.S. Deputy Secretary of the Treasury Wally Adeyemo met with Ghanaian Finance Minister Kenneth Ofori-Atta. Deputy Secretary Adeyemo congratulated Ghana on the IMF Executive Board’s approval of a $3 billion program which aims to restore Ghana’s macroeconomic stability and debt sustainability. This approval followed the encouraging actions led by China and France […]
Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the National Asian / Pacific Islander American Chamber of Commerce and Entrepreneurship 2023 Business Summit
WASHINGTON – Today, Deputy Secretary of the Treasury Wally Adeyemo delivered remarks at the National Asian / Pacific Islander American Chamber of Commerce and Entrepreneurship (National ACE) 2023 Business Summit celebrating Asian American, Native Hawaiian, and Pacific Islander (AANHPI) Heritage Month. During his remarks, Deputy Secretary Adeyemo outlined how the Treasury Department has worked to […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Meeting with Bank Policy Institute
WASHINGTON—Today, U.S. Deputy Secretary of the Treasury Wally Adeyemo met with CEOs and executives convened by the Bank Policy Institute (BPI) to discuss President Biden’s economic priorities. Deputy Secretary Adeyemo thanked the banks for their close collaboration in implementing the sweeping sanctions imposed in response to Russia’s illegal invasion of Ukraine and highlighted the evidence […]
READOUT: Deputy Secretary of the Treasury Wally Adeyemo Meets with Asian American, Native Hawaiian, and Pacific Islander Small Business Owners to Discuss Access to Capital
WASHINGTON – Today, U.S. Deputy Secretary of the Treasury Wally Adeyemo convened a roundtable with Asian American, Native Hawaiian, and Pacific Islander (AANHPI) small business leaders to discuss opportunities to advance economic and racial equity and expand access to capital in the AANHPI community. During the conversation, Deputy Secretary Adeyemo outlined several steps the Treasury […]
Remarks by Assistant Secretary Elizabeth Rosenberg at Multilateral Roundtable on De-Risking
WASHINGTON – On May 17, Assistant Secretary of the Treasury for Terrorist Financing and Financial Crimes Elizabeth Rosenberg hosted a roundtable with representatives of finance ministries from Australia, Canada, Japan, New Zealand, and the United Kingdom to discuss the U.S. Department of the Treasury’s recent strategy to address de-risking. As prepared for delivery Thank you, […]
Acting Comptroller of the Currency Testifies on Prudential Regulation
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today testified before the U.S. House of Representatives’ Committee on Financial Services on the agency’s actions and responses to recent market stress and how the agency is ensuring that national banks and federal savings associations operate in a safe, sound, and fair manner. In his testimony, Hsu […]
Treasury Sanctions Russian Ransomware Actor Complicit in Attacks on Police and U.S. Critical Infrastructure
Treasury imposes consequences on key ransomware actor WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), designated Mikhail Matveev (Matveev) for his role in launching cyberattacks against U.S. law enforcement, businesses, and critical infrastructure. Concurrently, the U.S. District Courts for the District of New Jersey and the District […]