Fed’s George backs ‘diversity of views’ in supervisory process

Federal Reserve Bank of Kansas City president Esther George today highlighted the importance of building supervisory systems on the basis of co-operation between the different stakeholders.

George told a Banque De France conference in Paris that where multiple interests exist – whether banks, central banks or state institutions – it is "important" that the diversity of views is "reflected in the supervisory process".

"This diversity of views helps to prevent one-sided approaches that might