Daniel K Tarullo: Modernizing bank supervision and regulation Testimony of Mr Daniel K Tarullo, Member of the Board of Governors of the US Federal Reserve System, before the Committee on Banking, Housing, and Urban Affairs, US Senate, Washington DC, 19 March 2009. The original speech, which contains various links to the documents mentioned, can be found on the US Federal Reserve System’s website.
*  *  *  Chairman Dodd, Ranking Member Shelby, and other members of the Committee, I appreciate this opportunity to present the views of the Federal Reserve Board on the important issue of modernizing financial supervision and regulation. For the last year and a half, the U.S. financial system has been under extraordinary stress.