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The Fed’s top banking regulator calls for a safer, fairer financial system


WASHINGTON — The Federal Reserve’s new chief regulatory officer said Wednesday that the central bank should be more concerned with making the financial system safer and fairer for consumers, while signaling that it would conduct more rigorous scrutiny of bank mergers.

Fed Vice Chairman’s Remarks Michael Barrhis first in public since taking office on July 19, suggests a more aggressive approach to monitoring Wall Street than his Republican predecessor Randal Quarles.

wsj

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