From: Wall Street Journal
WASHINGTON–U.S. regulators have made gains in reducing the risks posed by the financial system but “much work still remains” as policymakers seek to tighten oversight four-plus years after the financial crisis, Treasury Secretary Jacob Lew said Thursday.
Mr. Lew, speaking at a meeting of the panel of regulators known as the Financial Stability Oversight Council, laid out a number of areas where officials need to focus, including further strengthening markets susceptible to runs, attracting private capital to the housing finance system, and monitoring operational risks such as cyber attacks.