Bernanke wants shadow-bank failure framework

A resolution regime for systematically-important non-bank financial entities is needed, said Ben Bernanke, the chairman of the Federal Reserve.

Bernanke said that critical in addressing the too-big-to-fail problem was the development of an improved resolution regime in the United States that permits the orderly resolution of a systemically-important non-bank financial firm. He said that improved resolution procedures for these firms would give the government the option of safely winding down a

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