Fischer laments lack of coordination between US regulators
Fed vice-chair warns regulatory cooperation weaker than other countries
Financial supervision in the US suffers because of a unique lack of coordination between the US's myriad regulators, Federal Reserve vice-chair Stanley Fischer warned today (July 17).
"More coordination would be very useful," Fischer said, during remarks at an event hosted by the US Chamber of Commerce. Members of the chamber had complained that in having to deal with four or five different regulators, they are often given conflicting instructions.
"It's a pity from the viewpoint of the system
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