Under a regulatory reform measure being considered in the Senate, the Federal Reserve may yet retain oversight power over the nati0n’s biggest banks, with states and the FDIC watching over smaller banks. Risk-management expert Mark Williams, author of “Uncontrolled Risk” who teaches finance in the School of Management, thinks it’s too soon to be trusting the Fed with enhanced authority.
“If the Fed was privately run, it would be out of business. Before the Fed is given more responsibility or allowed to continue business as usual, it needs to demonstrate to the American people it has fixed weaknesses in oversight and monetary policy.”
Contact Mark Williams, 617-358-2789, email@example.com