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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