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Quarles supports tailored regs in Senate hearing
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Banking, Corporate Governance
Tuesday, August 8, 2017
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During his Senate confirmation hearing, President Donald Trump’s nominee to serve as the Federal Reserve’s vice chairman for supervision noted his support for many regulations proposed by former Federal Reserve Governor Dan Tarullo.
Among the areas he expressed support for was the concept of implementing a tailored approach to supervisory activities, which trade associations representing banks and credit unions long have advocated for.
Read on to learn what he had to say and what challenges he faced from members of the Senate Banking, Housing and Urban Affairs Committee.
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