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December 19, 2013

Bernanke: More Financial Reform May Be Needed

“Federal Reserve Board Chairman Ben Bernanke said Wednesday that regulators may need to take further action in order to keep the financial system safe.

Over the past year, the banking agencies have tried to speed up the rulemaking process required under the Dodd-Frank Act in the hopes of staving off pressure by Congress to act on its own. During his final press conference as chairman, Bernanke cited progress made over the past 12 months, but said more reforms were on the way.

“‘We are not done,’ said Bernanke during the press conference, which followed a two-day Federal Open Market Committee meeting. ‘We have still some important rules to complete.'”

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Read full American Banker article here

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