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Fed regulation chief Michael Barr flags up tough stance

Photo: federalreserve.gov, Getty Images

Bank mergers, climate change and fairness to the fore as new Fed regulation chief sets priorities.

New US Federal Reserve Board (FRB) regulation chief Michael Barr has signaled a tougher approach to overseeing Wall Street while seeking to clarify his stance on climate change in a speech to The Brookings Institution.

The Fed’s new Vice Chair for Supervision spoke to Washington DC’s Brookings Institution on the