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Economic Commentary

Effective Supervision and the Evolving Financial Services Industry

Technology, market consolidation, international competition, and new legislation are changing the face of the financial services industry. How are the agencies responsible for ensuring the safety and soundness of our financial system responding? Jerry L. Jordan is president and chief executive officer of the Federal Reserve Bank of Cleveland. This Commentary is adapted from his keynote address to the 111th Annual Meeting of the Ohio Bankers Association on May 31, 2001.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

Jordan, Jerry L. 2001. “Effective Supervision and the Evolving Financial Services Industry.” Federal Reserve Bank of Cleveland, Economic Commentary 6/1/2001.