It was not his intent that asset managers be designated for heightened prudential standards or supervision by the Federal Reserve Board because they do not pose a systemic risk.
Barney Frank: “It was not his intent that asset managers be designated for heightened prudential standards or supervision by the…”
On the recordJune 23, 2014
Source
congress.govEditor's note · Context
Barney Frank clarified his stance on asset managers and systemic risk.
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