WASHINGTON—A Federal Reserve official cautioned policy makers against undertaking a broad revamp of the regulatory framework facing small and regional banks, saying complex new rules could hasten the consolidation of the banking industry and potentially push more activities outside of the regulated banking system.
WASHINGTON—A Federal Reserve official cautioned policy makers against undertaking a broad revamp of the regulatory framework facing small and regional banks, saying complex new rules could hasten the consolidation of the banking industry and potentially push more activities outside of the regulated banking system.
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