Yellen Finds Market Infrastructure ‘Resilient’ Amid Frenzy
- Regulators agree important for SEC to issue ‘timely study’
- SEC, CFTC reviewing if trading consistent with fair markets
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U.S. financial regulators determined that the infrastructure of stock and commodity markets remained “resilient” during the volatility in trading seen in recent weeks.
“The regulators believe the core infrastructure was resilient during high volatility and heavy trading volume,” according to a statement issued by the Treasury Department following a meeting Thursday convened by Secretary Janet Yellen. Officials also agreed that the Securities and Exchange Commission should issue a “timely study of the events.”