Susan Schmidt Bies: Innovation in financial markets and banking relationships Speech by Ms Susan Schmidt Bies, Member of the Board of Governors of the US Federal Reserve System, at the Financial Executives International 2004 Summit, San Diego, California, 27 April 2004. *  *  *  I am very pleased to be here for the Financial Executives International 2004 Summit.
As many of you know, before my appointment to the Board of Governors, I was quite active in this organization, particularly on the Committee on Corporate Reporting. I also served on the Financial Accounting Standards Board's Emerging Issues Task Force.