New Fed Financial Stability Commission To Focus on Next Crisis

As some inside the financial services industry have mapped the potential for the big bank derivatives to implode, and warnings have been delivered at various levels of the U.S. Federal Reserve as well as discussed at high levels with derivatives regulators, comes the Financial Stability Committee. Fed’s Financial Stability Commission will include Stanley Fischer, Daniel Tarullo and more The committee will include Fed Vice Chairman Stanley Fischer, said to be a powerful behind the scenes force at shaping Fed policy, and Fed governors Daniel Tarullo and Lael Braindard.  The goal of this committee is to monitor the financial system for asset…