On the recordMarch 28, 2023
The Federal Reserve's rules, issued in the wake of the legislation that was issued in 2019, did have the effect of lowering supervisory and regulatory standards for firms.
Said by
Michael S. Barr
Source
congress.govMichael S. Barr: “The Federal Reserve's rules, issued in the wake of the legislation that was issued in 2019, did have the effect of…”
Editor's note · Context
Barr acknowledges that regulatory changes lowered standards for banks after the 2019 legislation.
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