Arab Today, arab today bernanke points to ongoing risks to financial system
Last Updated : GMT 05:42:12
Arab Today, arab today
Arab Today, arab today

Bernanke points to ongoing risks to financial system

Arab Today, arab today

Arab Today, arab today Bernanke points to ongoing risks to financial system

Washington - UPI

U.S. Federal Reserve Chairman Ben Bernanke said the central bank is more vigilant than ever, but the system on the whole remains vulnerable to crisis. The Dodd-Frank Wall Street Reform and Consumer Protection Act mandates greater scrutiny of the financial system through the creation of the Financial Stability Oversight Council, the Consumer Financial Protection Bureau and through other measures, he said. But he said this noting that, \"after all, neither the Federal Reserve nor economists in general predicted the past crisis.\" Speaking at the 49th Annual Conference on Bank Structure and Competition sponsored by the Federal Reserve Bank of Chicago, Bernanke said large banks are not the only companies that pose a threat to the financial system. \"Size it not the only factor ... other factors include the firm\'s interconnectedness with the rest of the financial system, the complexity and opacity of its operations, the nature an extent of its risk-taking ... its reliance on short-term wholesale funding and the extent of its cross-border operations,\" he said. On the positive side, he said, oversight was no longer limited to banks. The FSOC has the power to identify companies that may pose a systematic threat to the system for whatever reason, size included. He also said the financial markets tend to foster a false sense of security, drawing attention to \"the apparent tendency for financial market participants to take greater risks when macro conditions are relatively stable.\" \"Indeed, it may be that prolonged economic stability is a double-edged sword,\" he said, as it encouraged greater risk-taking behavior.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bernanke points to ongoing risks to financial system Arab Today, arab today bernanke points to ongoing risks to financial system

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bernanke points to ongoing risks to financial system Arab Today, arab today bernanke points to ongoing risks to financial system

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday