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Federal Reserve Board Gov. Daniel Tarullo issued a stark warning to bankers Monday to improve their culture and ensure employees are not behaving badly before regulators are forced to do it for them.
October 20 -
The investigative story alleging weak supervision by the Federal Reserve Bank of New York has sent shockwaves through the regulatory community, but whether it will lead to any change of course in policy is still an open question.
September 30 -
Federal Reserve Vice Chairman Donald Kohn said Monday he is planning to resign when his four-year term ends on June 23.
March 1 -
WASHINGTON - The turnover of veteran banking supervisors continued Monday as Richard Spillenkothen announced he will retire June 30 after three decades with the Federal Reserve Board, the last 15 years as its director of supervision and regulation.
March 21
Christine Cumming, the first vice president and chief operating officer of the Federal Reserve Bank of New York, said Wednesday that she plans to retire next June.
Cumming has spent 35 years at the New York Fed. She is a member of the bank's management committee, as well as an alternate voting member of the Federal Open Market Committee.
Since
"Christine's achievements have had a transformative and enduring impact on the bank and the Federal Reserve more broadly," William Dudley, president and chief executive of the New York Fed, said in a press release. "We will miss her steadfast commitment and leadership."