November 22, 2009
Banking regulation prime concern: Fed
Posted by: admin : Category: Current affairs
Federal Reserve officials are stepping up scrutiny of the biggest US banks to ensure the lenders can withstand a reversal of soaring global-asset prices, according to people with knowledge of the matter.
Supervisors are examining whether banks such as JPMorgan Chase & Co, Morgan Stanley and Goldman Sachs Group Inc have enough capital for the risks they take, how much they know about the strength of their counterparties and whether risk managers have authority to influence bank practices and policies.
