Guest 67PumpkinHead Posted January 14, 2010 Report Share Posted January 14, 2010 Release just came from the Federal Reserve Central Bank. I have made changes with brackets [i.e] Dear [united States Citizens]: Strengthening our financial regulatory system in ways that take the appropriate lessons from the crisis is essential for the long-term economic stability of our country. To this end, as you know, the Banking Committee has compiled an extensive hearing record and has begun considering specific reform proposals. A number of [Americans] have recently asked for the Board's views on the importance of the Federal Reserve's continued role in bank supervision and regulation. In response to these requests, I am enclosing for you and your colleagues a document that discusses (1) how the expertise and information that the Federal Reserve develops in the making of monetary policy enable it to make a unique contribution to an effective regulatory regime, especially in the context of a more systemic approach to consolidated oversight; and (2) how active involvement in supervising the nation's banking system allows the Federal Reserve to better perform its critical functions as a central bank. Read the actual document. supervision_report.pdf or follow hyperlink http://www.federalreserve.gov/BoardDocs/RptCongress/supervision/supervision_report.pdf Quote Link to comment Share on other sites More sharing options...
Recommended Posts