WASHINGTON (Reuters) - The U.S. banking system is healthy and banks have raised needed capital after losses spurred by the collapse of the market for risky home loans, a top U.S. financial regulator said on Wednesday.
"I am feeling better about the general state of the credit markets than I was say a month ago, or six weeks ago," Comptroller of the Currency John Dugan said at the Reuters Regulation Summit in Washington.
Dugan, whose agency supervises some of the largest U.S. banks, said he was "very pleased to see that banks have so successfully raised capital to offset some of the quite significant losses that were sustained as a result of the subprime crisis."
The Comptroller's office continues "to believe the national banking system is healthy. But, of course, we're monitoring the situation closely," he said.
(Reporting by Martha Graybow, editing by Leslie Gevirtz)
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