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The Feds

Discussion in 'Market Predictions and Reports' started by NDUKA VIVIAN CHINWE, Jun 17, 2010.

  1. NDUKA VIVIAN CHINWE

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    Hello all,

    The FED Chairman Ben Bernanke said that the Federal Reserve is working to beef up oversight of financial companies to better protect the nation from another financial crisis in the future.
    For instance, the Fed is working to strengthen capital requirements for banks so that they'll have bigger and better cushions to protect against any potential losses. And, the Fed is collecting more information on linkages among financial companies to better identify potential channels of financial contagion.

    One of the lessons learned from the crisis is that the Fed can't focus solely on the safety and soundness of individual banks, but rather on the health of the financial system as a whole, Bernanke said. The Fed has already moved to examinations that take this broader-picture approach.

    "Regulatory agencies must thus supervise financial institutions and critical infrastructures with an eye toward overall financial stability as well as the safety and soundness of each individual institution and system," Bernanke said. ABC NEWS.
     

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