On the recordMarch 31, 2011
However, the flip side of the centralization of clearing and settlement activities in clearinghouses is the concentration of substantial financial and operational risk...
Source
congress.govHowever, the flip side of the centralization of clearing and settlement activities in clearinghouses is the concentration of substantial financial and operational risk...
Warns about the risks associated with centralizing clearinghouse activities.
Share
More from Ben Bernanke
The potential of Artificial Intelligence is enormous, and so is the range of outcomes. How that potential plays out will depend, in part, on the institutions we build it around.
Anthropic has created a unique governance structure to try to ensure that the long-run benefits of AI for humanity far outweigh the risks.
Nothing is more important for restoring economic growth than improving public health.