Bernanke to go beyond Dodd Frank
22 July 2011 New York
Image: Shutterstock
Federal Reserve chairman Ben Bernanke has said that US regulators are aiming to increase oversight of certain areas of financial markets beyond that of Dodd Frank.
Bernanke said they are focusing is on the tri-party repo market and money market mutual funds in an attempt to address any structural weaknesses in the markets.
"Regulators are enjoined not only to look for emerging financial risks but also to try to identify structural weaknesses or gaps in the regulatory system, thereby helping the regulatory framework keep pace with financial innovation and other market developments," Bernanke said.
Bernanke said they are focusing is on the tri-party repo market and money market mutual funds in an attempt to address any structural weaknesses in the markets.
"Regulators are enjoined not only to look for emerging financial risks but also to try to identify structural weaknesses or gaps in the regulatory system, thereby helping the regulatory framework keep pace with financial innovation and other market developments," Bernanke said.
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