Yellen: Regulators are formulating policies to address the issues of Silicon Valley Bank

ChainCatcher news, U.S. Treasury Secretary Yellen stated that regulators are working on policies to address current issues in a timely manner, "The Federal Deposit Insurance Corporation (FDIC) is working overtime this weekend to develop a solution for Silicon Valley Bank, and regulators are aware of this and are striving to meet the needs of Silicon Valley Bank depositors. Any bank failure is concerning, but the U.S. banking system is safe, well-capitalized, and resilient." (source link)