Thanks to the actions of the American regulators
US Treasury Secretary Janet Yellen confirmed the slowdown in the pace of money exit from small and medium banks in the United States, noting that the situation has begun to stabilize thanks to the measures taken by US regulators.
Yellen added that US officials are ready to take similar measures once more if banks face a new crisis.
Yellen said she does not see a fundamental problem in the banking system, but nevertheless there is a need to identify the regulatory and supervisory changes that need to be implemented, which may have been demonstrated by the recent crisis.
The collapse of US bank Silicon Valley and several other regional lenders in early March raised fears of contagion, which was reinforced by the emergency bailout of Credit Suisse by its Swiss rival UBS.
Policymakers on both sides of the Atlantic took decisive action and pledged more support if needed.
