Reed Says Unifying Bank Regulators Would Add Efficiency: Video

Nov. 12 (Bloomberg) -- U.S. Senator Jack Reed, a Rhode Island Democrat, talks with Bloomberg's De...  More »

Nov. 12 (Bloomberg) -- U.S. Senator Jack Reed, a Rhode Island Democrat, talks with Bloomberg's Deirdre Bolton about Senate Banking Committee Chairman Christopher Dodd's proposal to merge functions of four U.S. bank regulators into a single agency. The legislation creates a Financial Institutions Regulatory Administration that would strip bank supervision powers from the Federal Reserve and Federal Deposit Insurance Corp. and eliminate the Treasury Department’s Office of the Comptroller of the Currency and the Office of Thrift Supervision. (Source: Bloomberg)  « Less