Fed’s Quarles wants more transparent and simple financial supervision
Vice-chairman stresses importance of clearly conveying objectives of regulation and supervision
Randal Quarles, the Federal Reserve’s new vice-chairman for supervision, aims to promote a more transparent and simple financial supervisory regime in the US.
In his first public statements as vice-chairman, delivered at a conference of the Clearing House Association in New York on November 7 and reproduced by the Wall Street Journal, Quarles said Fed supervisors “ought to be taking a fresh look at everything”.
The new head of supervision stressed the importance of reassessing the supervisory
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