Fed's Bernanke: Central Bank Must Get New Financial Regulations 'Right'

Posted by BorsaStreet.com on Thursday, September 15, 2011

Federal Reserve Chairman Ben Bernanke Thursday said the central bank has to make sure it gets new financial regulations right as it looks to implement requirements of the Dodd-Frank Wall Street overhaul
.

        "I suspect no one in this audience needs to be convinced that we must get this right," Bernanke said in remarks prepared for the opening of a Fed conference titled Regulation of Systemic Risk.

        Bernanke did not discuss monetary policy.

        Thursday's conference is set to review nine research papers related to the Fed's duty to maintain financial stability.

        "This research is of critical importance. It can inform the design and implementation of macroprudential regulations and policies," Bernanke said.

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