Bernanke outlines regulatory agenda

bernanke-trichet

Ben Bernanke, the chairman of the Federal Reserve, on Friday said that while regulators and supervisors can do a great deal, but comprehensive financial reform requires action by the Congress.

"Strengthening consolidated supervision, setting up a mechanism (such as a systemic oversight council) to identify and monitor risks to financial stability, and creating a framework that allows for the safe unwinding of failing, systemically critical firms are among the essential ingredients of a new

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