US Treasury, Regulators Praise Market Infrastructure Resilience; ongoing reviews By Reuters

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© Reuters. FILE PHOTO: Yellen gives a press conference in Washington

WASHINGTON (Reuters) – US Treasury Secretary Janet Yellen and top regulators agreed that the core infrastructure of financial markets proved resilient during the high volatility and high volume of trading seen during the recent “rally. Reddit “from GameStop Corp (NYSE 🙂 and other stocks, the Treasury Department said in a statement Thursday. Yellen and the heads of the Securities and Exchange Commission, the Federal Reserve Board, the Federal Reserve Bank of New York, and the Commodity Futures Trading Commission also agreed during a meeting Thursday on the importance of that the SEC will release a timely study of the events, the Treasury said. He said the SEC and CFTC were reviewing whether business practices are consistent with investor protection and fair and efficient markets.

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