Banking subcommittee to hold hearing on outside consultants

04/5/2013 | AmericanBanker.com (free registration)

The hearing, to be led by Sen. Sherrod Brown, D-Ohio, will look at when the hiring of independent consultants is appropriate, as well as how oversight should work. Among those set to testify is Konrad Alt of Promontory Financial Group, which has been criticized for its hiring of former regulators, most recently former Securities and Exchange Commission chief Mary Schapiro.

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