Fed’s Raskin calls for greater diversification of banks
Sarah Raskin, a member of the Board of Governors at the Federal Reserve, on Friday said the regulatory framework should encourage greater diversification within the banking system.
At the New York Community Bankers Conference in New York, Raskin said: "As we have learned all too well, a financial system dominated by a handful of large institutions is unlikely to be resilient in the face of a crisis. My view is that a diffuse financial system – one with a diverse range of institutions of varying
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