Fed's Bernanke on modern risk management

In the speech 'Modern risk management and banking supervision' given on 12 June Ben Bernanke of the Federal Reserve said a sweeping regulatory plan to improve risk management for the country's largest and most internationally active banks is important to making sure the U.S. financial system remains sound.

This new framework "will be better able than the current system to adapt over time to innovations in banking and markets," Bernanke said in a speech that focused on the evolution of risk

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