Fed's Yellen calls for higher capital requirements

06/3/2013 | Bloomberg · Wall Street Journal, The

Federal Reserve Vice Chair Janet Yellen would prefer to see increased capital requirements rather than limits on the biggest institutions' size or the forced selling of certain types of businesses. "I am not persuaded that such blunt approaches would be the most efficient ways to address the too-big-to-fail problem," she said. Yellen also advocated for further transparency and taking steps to prevent money market runs.

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Bloomberg · Wall Street Journal, The

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