Regulators target "too big to fail," Bernanke says

03/24/2011 | Hill, The

Ben Bernanke, chairman of the Federal Reserve, said the issue of financial institutions being "too big to fail" is one that regulators need to emphasize as they implement the Dodd-Frank Act. "A financial system dominated by too-big-to-fail firms cannot be a healthy financial system," Bernanke said. "We are developing more stringent prudential standards for banking firms with assets greater than $50 billion and all non-bank financial firms designated as systemically important by the Financial Stability Oversight Council."

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Hill, The

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