Don’t unwind financial regulation, says Fed’s Mester
Tighter regulatory measures have increased resiliency, Loretta Mester says
Policymakers should not withdraw the financial regulatory measures implemented after the financial crisis, the president of the Federal Reserve Bank of Cleveland, Loretta Mester, said on May 18.
Mester expressed her scepticism about deregulation at the third annual macro-prudential and research conference organised by the European Central Bank in Frankfurt.
“I support efforts to better align regulation and supervisory oversight with where the potential system risks lie, including proposals to
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