On the recordJuly 16, 2012
We have been in communication with the British Bankers Association. They made some changes, but not as much as we would like.
Source
congress.govWe have been in communication with the British Bankers Association. They made some changes, but not as much as we would like.
Bernanke discusses efforts to reform LIBOR with the British Bankers Association.
Share & report
More from Ben Bernanke
I think getting rid of too big to fail is an incredibly important objective and we are working in that direction.
We all agree that the burden of regulation falls particularly heavily on small community banks which don't have the resources to manage those regulations very effectively.
Dodd-Frank is a very big, complicated piece of legislation in an area proving difficult is the push-out provision for derivatives.
Does this need to get done so that institutions know what the appropriate boundaries are?