Tags: US | Bernanke

Bernanke Says Fed Is Beefing up Bank Oversight

Wednesday, 16 Jun 2010 07:29 PM

 

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Ben Bernanke says the Federal Reserve is working to beef up oversight of financial companies to better protect the nation from another financial crisis in the future.

The Fed chairman's comments came Wednesday as Congress moves closer to sending President Barack Obama a final legislative package that revamps the nation's financial structure to prevent a replay of the recent crisis.

Bernanke welcomes key parts of that package in remarks prepared for delivery to a conference in New York. At the same time, Bernanke says the Fed is moving ahead on strengthening capital requirements for banks and collecting more information on linkages among financial companies.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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