Skip to main content

Yellen calls for ‘new Dodd-Frank’

Fed prevented financial crisis in March, says former chair, as Brainard backs calls for reform

janet-yellen

The Federal Reserve prevented a major financial breakdown in March, but the US must implement major regulatory reforms or face another crisis, according to former Federal Reserve chair, Janet Yellen.

Regulators’ failure to curb growing leverage in the non-bank sector meant firms went into the crisis in a precarious position, she said. Outflows in March, caused by investor fears over the safety of their investments, would have caused a financial crisis without critical liquidity support from the

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Artículos más leídos cargando...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Iniciar sesión
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.