Ben Bernanke speech’s – highlights

Today March 23rd, Chairman of Fed, Ben Bernanke gave a speech at the Independent Community Bankers of America National Convention. He addressed in his speech the importance of Community Banking especially in these times of uncertainty and economic recovery. Bernanke points out to the difficult time ahead from economic perspective they will need to face. He stated that:

“Our goal is to produce a well-integrated set of rules that meaningfully reduces the probability of failure of our largest, most complex financial firms …. In doing so, we aim to force these firms to take into account the costs that they impose on the broader financial system, soak up the implicit subsidy these firms enjoy due to market perceptions of their systemic importance…

For the complete speech transcript see here.




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