Barr to review bank oversight, promising nimbler supervision
Fed vice-chair suggests “reverse stress tests” to measure what would break banks
The Federal Reserve’s supervision chief said he would examine new and faster supervision methods in the wake of recent bank failures.
Speaking at a conference at the Federal Reserve Bank of New York on June 20, Michael Barr said he was planning a review of bank regulation and supervision over the next six months. He admitted bank supervisors struggled to react quickly to non-compliance and mismanagement.
“We tend to have a culture that makes it difficult for the institution to act quickly with
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