The Federal Reserve, along with the other U.S. banking agencies, has made substantial progress in building stronger regulatory and supervisory programs since the global financial crisis.
Quarles highlights progress in financial regulation since the crisis.
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Markets are always ahead of the regulators. Frankly, that is how it should be.
Similarly, that has always been a high priority of the Federal Reserve, and where we have the enforcement authority to act, we will do that.
Kentucky's legislative and regulatory framework is widely recognized today as one of the best in the nation.
It is not our intention. Indeed, it is the opposite of our intention, to affect the total loss-absorbing capacity of the largest firms.