Fed toughens rules on officials moving to private sector
Rules will capture a broader range of supervisors
The Federal Reserve has moved to tighten its rules on supervisors taking jobs at firms they have recently been overseeing.
The revised policies, published on November 18, broaden the scope of individuals classed as "senior bank examiners", who are prohibited for one year from accepting paid work at a financial institution they previously had "primary responsibility" for overseeing. A new policy also seeks to prevent official communications between former and current employees.
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