Volcker Says Fed Must Focus More On Bank Supervisor Role

Law360, New York (March 5, 2013, 6:18 PM EST) -- Former Federal Reserve Chairman Paul A. Volcker on Tuesday said that the agency needs to take its role as a bank supervisor and regulator as seriously as it does its responsibilities in the monetary policy realm in order for the financial system to function properly.

Speaking at a conference hosted by Latham & Watkins LLP in New York, Volcker said the 2010 Dodd-Frank Act has given the Fed even more authority in the realm of bank supervision than it had prior to the 2007-2009 financial crisis....
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