Mortgage - Free Calculators

Fed’s Geithner Calls on Unified Supervision of Banks and Wall Street

New York Fed President and FOMC Vice Chairman Tim Geithner said the U.S. regulatory structure needs to be reformed to more clearly define rules and responsibilities.

Speaking at the Economic Club of New York, Geithner urged banks and Wall Street to come under a unified form of supervision and called for a stronger oversight of OTC payments systems.