Fed’s Bowman Urges Global Financial Watchdog to be Flexible

The Federal Reserve’s top bank cop warned the Financial Stability Board against enforcing “strict rules” that are not suitable for a diverse group of countries, saying those efforts can erode the international watchdog’s effectiveness. The Federal Reserve’s top bank cop warned the Financial Stability Board against enforcing “strict rules” that are not suitable for a diverse group of countries, saying those efforts can erode the international watchdog’s effectiveness.