Fed’s Barr, stepping down from regulatory put up, warns towards weaker financial institution guidelines

WASHINGTON (Reuters) – The Federal Reserve’s prime regulatory official cautioned Thursday towards a weakening of financial institution guidelines and oversight that might make companies susceptible to shock shocks.

Fed Vice Chair for Supervision Michael, who’s stepping down from the regulatory put up on the finish of February, cautioned towards any push to considerably weaken current financial institution guidelines and supervision, and urged watchdogs to finish worldwide capital requirements.

(Reporting by Pete Schroeder, Enhancing by Franklin Paul)