Fed's Santomero - Bank regulation may be a benefit

US - In response to the rhetorical question "does bank regulation help bank customers?" Anthony Santomero, president of the Federal Reserve Bank of Philadelphia, said "Sometimes yes. Sometimes no. It all depends."

Santomero made his prepared remarks at the Frontiers in Services Conference Friday in Bethesda, Md. He refrained from discussing issues pertaining to monetary policy or the economic outlook.

The cases where the answer "is a clear yes," according to Santomero, are where "the government

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