Daniel K Tarullo: Financial regulatory reform Speech by Mr Daniel K Tarullo, Member of the Board of Governors of the Federal Reserve System, at the annual US Monetary Policy Forum, University of Chicago Booth School of Business, New York, 26 February 2010. *  *  *  It is a pleasure to participate in this year’s U.S. Monetary Policy Forum.
To begin the discussion of regulatory reform, I will first explain my view that the imperative for financial regulatory reform has much deeper roots than the imprudent mortgage lending, tightly wound wholesale financing channels, and other factors that were direct contributors to the recent financial crisis.