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...The Basel-based FSB — which is led by Randal Quarles, a governor of the US Federal Reserve responsible for supervision — makes recommendations to the G20 nations on financial rules and regulations....
...But Randal Quarles, the head of banking supervision at the US Federal Reserve, has already said he does not want American banks as a whole to have to hold more capital as a result....
...As camera crews broadcast the spectacular raid by more than 100 officers, the chief executive kept up appearances, lunching with the Federal Reserve’s top banking supervisor, Randal Quarles, in an exclusive...
...Additional reporting by Stephen Morris...
International Edition