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Top U.S. regulators say
financial system functioning in 'orderly manner'
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[June 25, 2016]
WASHINGTON (Reuters) - U.S.
financial regulators on Friday said the country's
financial system is functioning in an "orderly manner"
after Britain voted to leave the European Union and sent
markets around the globe reeling. |
A vote leave supporter holds a Union flag, following the
result of the EU referendum, outside Downing Street in
London, Britain June 24, 2016. REUTERS/Neil Hall |
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The
Financial Stability Oversight Council - which includes the heads
of the U.S. Treasury, Securities and Exchange Commission and
Federal Reserve - "noted that the U.S. financial system
continues to function in an orderly manner, and that the Council
will continue to monitor ongoing developments," according to a
summary released after a telephone call.
The council had brought up "Brexit" during a regularly scheduled
meeting early in the week that was also closed to the press and
public. It is charged with assessing potential hazards to the
country's financial system and heading off risks that could lead
to another crisis on the magnitude of the 2007-09 meltdown.
(Reporting by Lisa Lambert; Editing by Bernard Orr)
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