Bernanke Speech: Financial Reform to Address Systemic Risk

Federal Reserve Chairman Ben S. Bernanke gave a speech this morning titled "Financial Reform to Address Systemic Risk" at the Council on Foreign Relations, Washington, D.C.

In my remarks today, I have emphasized the need to address the problems posed by firms that are perceived to be too big to fail, the importance of efforts to strengthen the financial infrastructure, the desirability of reducing the procyclical effects of capital regulation and accounting rules, and the potential benefits of taking a more macroprudential approach to the supervision and regulation of financial firms.