Fed Says It's Overhauling Standards for Large Bank Examiners

Updated on
  • Measures follow criticism over regulatory capture of agency
  • Large-bank supervision group will set minimum standards

Carmen Segarra, former senior bank examiner with the Federal Reserve Bank of New York, listens during a Senate Banking Subcommittee hearing with William C. Dudley, president and chief executive officer of the Federal Reserve Bank of New York, not pictured, in Washington, D.C., on Nov. 14, 2014.

Photographer: Andrew Harrer/Bloomberg

The Federal Reserve said it’s setting tougher standards for examiners of the biggest U.S. banks, following criticism by lawmakers that the agency has been captured by the Wall Street firms it supervises.

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