Fed's Pianalto wants more open regulatory process

http://www.marketwatch.com/story/feds-pianalto-wants-more-open-regulatory-process-2013-05-31?link=MW_latest_news

Greater transparency will help the Federal Reserve ensure financial stability, said Cleveland Fed President Sandra Pianalto on Friday. "I believe that providing enhanced information about financial firms and clearer expectations for the future actions of financial regulators can...make our financial stability policies more effective," Pianalto said in a speech to a conference here on market regulation. For instance, the Cleveland Fed president suggested regulators could provide the public more information about the quality of bank assets, including the geographic distribution of a firm's loans. Regulators should also press forward on living wills for banks and other non-bank firms, Pianalto said