On the recordFebruary 16, 2011
I think there is quite a bit more work to do to fully implement all that Dodd-Frank has put on the table.
Source
congress.govI think there is quite a bit more work to do to fully implement all that Dodd-Frank has put on the table.
Bernanke acknowledges ongoing challenges in implementing Dodd-Frank regulations.
Share & report
More from Ben Bernanke
making derivatives safer is very important, part of solving Too Big to Fail and preventing another financial crisis.
Financial risk tends to migrate around regulatory obstacles like a river flows around rocks.
The crisis was an enormous waste of resources, and unsafe practices by large financial institutions pose a risk not just to themselves but to the rest of society.
We have just finalized new capital requirements that banks have to hold against these assets for sale, these securities, which should provide protection.