Bernanke: Need Credible Resolution Authority For Big Banks

wochit business
November 08, 2013 AT 11:48 AM
Regulators are fleshing out rules to ensure the orderly liquidation of big financial firms that get into trouble, Federal Reserve Chairman Ben Bernanke said on Friday, adding officials have the power to limit so-called 'moral hazard'. He went on to say "Regulatory and supervisory reforms, such as higher capital and liquidity standards or restrictions on certain activities, can directly limit risk-taking,"