Olson on banking insurance & securities activities

In a speech on 'Regulatory update: Banking industry, insurance, and securities activities' given on 10 June, Mark Olson of the Federal Reserve said the U.S. system of risk-focused bank supervision relies heavily on cooperation among multiple state and federal supervisors, and it is not perfect. But it is working, and working effectively, Olson added.

"To conclude, I offer one final thought on financial services convergence. It is simply that, even with the changes we have seen, further change is

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