Financial Services Financial Services

US banking agencies in 'sprint' to develop crypto rule, supervision framework, Fed's Quarles says

By Neil Roland
  • 25 May 2021 16:20
  • 25 May 2021 16:20
US banking regulators are coordinating in a “sprint” to develop a cryptocurrency regulatory and supervisory regime, Randal Quarles, the Federal Reserve’s vice chairman for supervision, said today.
The central bank, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency “are working together on what we

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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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