New Fed financial disclosures omit regional chiefs tied to trading scandal

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Dive Brief:

  • The Federal Reserve, in a set of disclosures Friday, omitted the recent transaction details of two former regional bank presidents who were tied to last year’s stock-trading scandal.
  • Financial information that covers the end of the tenures of former Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren were excluded from Friday’s report, according to The New York Times
  • Kaplan and Rosengren left their respective satellite banks last fall when financial disclosure forms revealed they traded stocks in 2020 while also helping to set monetary policy — a practice that, at the time, met the central bank’s code of ethics but raised concerns around potential conflicts of interest.

Dive Insight:

Instead of publishing updated disclosures for Kaplan and Rosengren, both of whom held important policy roles last year, the Fed published information on their interim…

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