With issues regarding former employees working closely with the banks they regulate behind them, the US Federal Reserve announced Friday it is expanding restrictions on its employees moving into positions at large banks the regulator supervises. Federal Reserve expands restrictions to cover more employees The Fed currently has a one year restriction on senior officials leaving to work for banks with more than $10 billion in assets where they were the “central point of contact.” Today’s announcement expands this restriction to deputy central point of contact officials, senior supervisory officers, deputy supervisory officials, enterprise risk officers, and supervisory team leaders. The policy…
Federal Reserve Expands Restrictions On Employees Working For Large Banks
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.