Fed's Kohn on regulatory relief

In testimony 'Regulatory relief' given on 9 June Donald Kohn of the Federal Reserve said the Fed opposes parts of a bill that allows industrial loan companies to offer interest-bearing business transaction accounts without making the companies subject to rules governing insured banks.

"Simply stated, if the ILCs want to benefit from expanded powers and become functionally indistinguishable from other insured banks, then they and their corporate parents should be subject to the same rules that

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

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 individual account here: