On the recordJuly 20, 2010
I think it will be important for us to develop as many criteria, clear criteria as we possibly can.
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congress.govI think it will be important for us to develop as many criteria, clear criteria as we possibly can.
Bernanke emphasizes the need for clear criteria in determining systemic risk.
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Does this need to get done so that institutions know what the appropriate boundaries are?
Dodd-Frank has a pretty comprehensive strategy for addressing too-big-to-fail.
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If it doesn't achieve the objective of eliminating too-big-to-fail, I think we ought to come back and decide or ask Congress whether they might take additional steps.