Senators Wrestle With Fed Bank Oversight Issues

March 8th, 2010

The Federal Reserve could retain oversight of large bank holding companies under a scaled-back regulatory reform plan being considered by key senators, but important questions remained unanswered, lobbyists said on Sunday. In a retreat from a bold proposal to streamline a patchwork bank regulatory system, lawmakers were considering keeping supervision of companies such as Citigroup and Bank of at the Fed, as Reuters reported in February.