Financial Crime Financial Crime

Europe's four biggest investment banks deserve eased US Fed supervision after pulling assets, Quarles says

By Neil Roland
  • 17 Jan 2020 16:29
  • 17 Jan 2020 16:29
Europe's four largest investment banks should enjoy eased US Federal Reserve supervision after withdrawing chunks of their assets from the United States in recent years, said Randal Quarles, the Fed's vice chairman for supervision.

"Their US operations are much less risky than they used to be," Quarles said in a speech

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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