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NY Fed Loses Authority Over Big Banks; The Shadow Banking Threat
March 5 -
WASHINGTON Sen. Jack Reed, D-R.I., reintroduced legislation Monday that would require the president of the Federal Reserve Bank of New York to be nominated by the White House and confirmed by the Senate.
February 23 -
New York Fed President William Dudley insisted Friday that regulators are more like "fire wardens" than "cops on the beat." It's an analogy that says far more than Dudley likely intended and a comment he will likely regret. Here's why.
November 21
The Federal Reserve Bank of New York has named Helen Mucciolo its executive vice president, principal financial officer and head of its corporate group.
Mucciolo will start those jobs Aug. 1, replacing Michael Strine, who moved up to first vice president last week.
She will manage the financial management, business continuity, real estate and general support functions of the New York Fed as head of the corporate group and will join the bank's management committee.
A 20-year veteran of the New York Fed, Mucciolo has held a wide range of jobs there. She led the investment support office, the group that oversaw the portfolio of assets associated with JPMorgan Chase's acquisition of Bear Stearns and the restructuring of American International Group. She held management positions in the operational risk department and elsewhere; worked in the financial institutions supervision group, where she focused on resolution and recovery planning; and most recently was responsible for cash and custody services within the financial services group.
