On the recordSeptember 29, 2010
We are certainly seeing movement in the right direction in our banking system.
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congress.govWe are certainly seeing movement in the right direction in our banking system.
Bernanke discusses positive changes in the banking system post-crisis.
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Congress did not intend for the Federal regulators to discard the State risk-based capital system in favor of a banking capital regime.
We are working hard with our colleagues to put the Volcker rule into place, and that will restrict proprietary trading.
Let me just say that we are quite aware of these portfolios, and we are addressing them in at least two ways.
undesirable boom-bust cycles that ultimately lead to both a less stable economy and higher inflation