Speech by Susan Schmidt Bies of the Fed, 20 Jun

SPEECH - Speech by Fed governor, Susan Bies to the World Bank's 2002 finance forum meeting in Chantilly, Virginia. Bies examines whether developing countries can learn from the US experience in banking regulation.

She emphasises that US banking regulators have been forced to move away from point-in-time assessments of bank balance sheets, because large banks have become so complex. US supervisors increasingly concentrate on the quality of a bank's risk management. Developing countries however

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