AmericasLastHope
03-07-2010, 08:25 PM
Banks with more than $100bn of assets will be overseen by the US Federal Reserve in a regulatory reform plan that represents a partial victory for the central bank after months of attacks in Congress.
Chris Dodd, the Senate banking committee chairman, had proposed hiving off all bank supervision to a single regulator but is set to propose this week that the 23 largest institutions stay under the Fed’s oversight, according to people familiar with the plans.
http://www.ft.com/cms/s/0/0f1b6822-2a2c-11df-b940-00144feabdc0.html
Chris Dodd, the Senate banking committee chairman, had proposed hiving off all bank supervision to a single regulator but is set to propose this week that the 23 largest institutions stay under the Fed’s oversight, according to people familiar with the plans.
http://www.ft.com/cms/s/0/0f1b6822-2a2c-11df-b940-00144feabdc0.html