Doubts over Fed's role in US systemic risk supervision

WASHINGTON, DC - The present debate over the future of US macro-prudential supervision is increasingly focusing on one prickly question: What should the role of the Federal Reserve be in supervising systemic risk? The composition of a systemic risk council or regulatory body has not yet been worked out, but the Fed is expected to play an important role, which is raising industry, regulatory and political opposition, as its responsibilities are perceived to loom large already.

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