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Daniel Tarullo, Kenneth Gibson, Timothy Clark, of the Large Institution Supervision Coordination Committee at the U.S. Federal Reserve- guardians for a safer U.S. financial system
03/05/2015
Hilsenrath provides this illuminating account of how Daniel Tarullo has led the effort to build a safer U.S. financial system since the financial crisis of 2008. Tarullo was placed in charge of the LISCC as the focal point of bank supervision by Fed chairman Ben Bernanke. Under Janet Yellen the New York Fed bank supervisors now report to Tarullo directly and the Federal Reserve sets the rules for bank safety, as the New York Fed's Dudley was seen as not effective in bank supervision. Tarullo has pointed out out that he was getting tired of cleaning up the mess left by other bank supervision agencies. Kenneth Gibson and his deputy Timothy Clark, assist Tarullo in running the LISCC in conducting stress tests and setting rules for bank supervision. The trio may be some of the most unsung heroes who helped clear the mess left from ineffective bank supervision from the pre 2008 period. Sheila Bair former head of the FDIC and Tarullo provided a remarkable service to the nation in this critical period of putting the nation back on its feet after the errors leading to the financial crisis of 2008.
Grouped Articles
Washington Strips New York Fed’s Power
Wall Street Journal 03.05.2015
Banks Bend, Don’t Break Under Fed Stress
Wall Street Journal 03.06.2015
Fed’s Tarullo Reiterates Support for Raising “Systemically Important” Threshold
Wall Street Journal 03.20.2015
Fed’s Yellen: Stock Valuations ‘Generally Are Quite High’
Wall Street Journal 05.07.2015
Janet Yellen and Fed Predecessors Find Common Ground Onstage
New York Times 04.07.2016
Yellen Warns Against Erasing Regulations Made After Financial Crisis
The New York Times 08.25.2017
Washington Post 08.26.2017
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