Bernanke on central banking & bank supervision

In the speech 'Central banking and bank supervision in the United States' given on 5 January Ben Bernanke of the Federal Reserve said that the Fed's job of regulating the nation's banks gives the central bank more expertise in dealing with financial crises.

In his speech to an economic conference in Chicago, Bernanke argued that the United States gets significant benefits in having its central bank also involved in regulating banks. That differs from the system in place in other countries where

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