New York Fed announces review into decision making
Wall Street regulator announces enquiry into banking supervision and decision making in the wake of fierce criticism at a senate committee. The announcement follows a number of high-profile suggestions the regulator is captured
William Dudley, president of the Federal Reserve Bank of New York, announced a "system-wide" enquiry into bank supervision on the same day he endured intense questioning from a US senate committee on the regulator's "long list of supervisory failures" on November 21.
At the committee hearing, entitled 'Improving financial institution supervision: Examining and addressing regulatory capture', the Democratic senator for Massachusetts, Elizabeth Warren, said "cultural problems" afflicted the New
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