![Central Banking](https://nginx.production.bb8-centralbanking.uk3.amazee.io/sites/default/files/styles/print_logo/public/2017-03/print-logo.png?itok=_maJqRIT)
New York Fed consultant slams bank's ‘intensely deferential' regulatory culture
Columbia professor says employees who speak out are ‘frequently hammered down'
![wall street and exchange wall street and exchange](/sites/default/files/styles/landscape_750_463/public/import/IMG/066/109066/wallstreetexchange-580x358.jpg.webp?itok=DUU8UY81)
A consultant hired by the Federal Reserve Bank of New York to examine its bank supervision practices has accused the institution of discouraging independent thinking while remaining "surprisingly bland in enforcing its rules against big banks".
David Beim, a former Columbia Business School professor, was hired by NY Fed president William Dudley in 2009 as part of efforts to strengthen the central bank's regulatory practices following the financial crisis.
The findings were made public in 2010
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com