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Quarles gives overview of Fed’s regulatory strategy

Joe Mont | January 22, 2018

Celebrating his third month on the job as the Board of Governors for the Federal Reserve’s vice chairman for supervision, Randal Quarles is sharing his views for improving the effectiveness of post-crisis financial regulation.

Quarles did so during a Jan. 19 speech at the American Bar Association’s Banking Law Committee annual meeting in Washington, D.C.

“The Federal Reserve and our colleagues at other agencies have now spent the better part of the past decade building out and standing up the post-crisis regulatory regime,” he said. “At this point, we have completed the bulk of the work of post-crisis regulation.” A notable exception to that work is U.S. implementation of the recently concluded Basel III "end game" agreement on bank capital standards at the Basel Committee.

In assessing whether “this new body of regulation” is working effectively and as intended, Quarles...

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