3/23/2009
Source: CNBC

To ensure that the ups and downs of financial markets are not magnified, regulators might need to make changes to accounting and capital rules, Federal Reserve Chairman Ben Bernanke said. "Policymakers should review existing capital rules and accounting standards to determine whether these rules and standards could be modified to reduce their potential to have unduly procyclical effects without weakening their ability to achieve their fundamental objectives," he said. Bernanke also said the Fed's move to buy significant amounts of government debt and mortgage-related securities is an attempt to improve market conditions.

Related Summaries