US watchdog spots conflict of interest with Fed director roles

ny-federal-reserve

An audit of the Federal Reserve published on Wednesday has revealed numerous cases during the crisis where there were conflicts of interest between the roles of directors on regional Fed boards and their positions in private-sector firms.

The report, published by the US Government Accountability Office (GAO), details several instances when decisions taken by top executives of corporations and financial institutions sitting on regional Federal Reserve boards could have financially benefited their

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: