Dodd-Frank does not include many of the details that are defined for the other voting members of FSOC, including anything on the Independent Member’s specific duties.
President Obama has yet to nominate anyone to be the Fed’s new vice chair for supervision, frustrating some lawmakers and industry officials.
Efforts to fill top positions at Federal Reserve branches are casting a spotlight on a process that critics say is opaque, favors insiders, and is ripe for reform.
Patrick Harker, who takes over July 1 as president of the Federal Reserve Bank of Philadelphia, had some advantages over his rivals for the job.
General Electric Co.’s decision to slim down its GE Capital unit poses the first real-world test of whether a “systemically important financial institution” can ever jettison that label.
Lawmakers from both parties are demanding greater transparency and accountability from the Federal Reserve.
President Obama is close to missing a significant opportunity to influence monetary and regulatory policy for years to come. With Congress running out the few legislative days it has before the November elections, Obama has not nominated candidates for the…