On the recordFebruary 24, 2010
I think another part of the reform package that is very important is the resolution authority and measures taken to address the too-big-to-fail problem.
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congress.govI think another part of the reform package that is very important is the resolution authority and measures taken to address the too-big-to-fail problem.
Bernanke emphasizes the importance of addressing the too-big-to-fail issue in reforms.
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We are working hard with our colleagues to put the Volcker rule into place, and that will restrict proprietary trading.
It is also important, of course, for community banks to be well-capitalized so that they can continue to lend during difficult periods.