Fed's Tarullo Favors Piecemeal Regulation for Shadow Banks – American Banker

“To date, the attempts I have seen along these lines look likely to entail substantial overinclusion, substantial under-inclusion, or regulatory consequences that are inappropriately uniform,” Federal Reserve Gov. Daniel Tarullo said, referring to broad attempts to regulate shadow banking. IMAGE: Bloomberg News

Federal Reserve Gov. Daniel Tarullo defended regulators’ item-by-item approach toward reining shadow banking activities, saying broader moves could be insufficiently tailored to the conditions of specific firms and activities.


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