Federal Reserve Inspector General Raises Concerns Over Confidential Information Sharing With Regional Boards
Source Summary
The Federal Reserve's inspector general has flagged concerns that the central bank should strengthen safeguards to prevent the disclosure of confidential nonpublic information to the boards of its 12 regional reserve banks. These regional boards include private-sector bankers and business leaders.
Why it matters
The concern highlights potential conflicts of interest and information asymmetries when private-sector board members with commercial interests gain access to confidential Federal Reserve data.
