WASHINGTON — Federal Reserve Board Governor Daniel Tarullo Thursday said a lot of progress has been made in international cooperation of financial regulators, but there is still a way to go on a number of issues, including orderly resolution, short-term wholesale funding and derivatives.

"There has been a good deal of progress made, certainly in the sense that we have agreed internationally, and domestically, on important changes in capital and liquidity requirements," said Tarullo, who heads the Fed's regulatory efforts.

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