GAO Investigator Says Federal Reserve Review May Involve Other Regulators

From: Wall Street Journal

Comments come as the New York Fed is set to hold a supervision conference Friday at its headquarters

By Katy Burne

A top investigator at the U.S. Government Accountability Office charged with probing whether the Federal Reserve’s bank supervisors are too heavily influenced by Wall Street firms said the review may involve other regulators.

“It’s possible we will look at other federal financial regulators,” Lawrance Evans, an economist and director in the GAO’s financial markets and community investment unit, said in an interview earlier this week.

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