Bernanke Says Fed to Propose Finance Rules in Coming Months
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Federal Reserve Chairman Ben S. Bernanke said the central bank plans to propose regulations within the next few months for firms whose failure may endanger the financial system.
“We anticipate putting out a package of proposed rules for comment this summer,” Bernanke said in testimony prepared for a Senate Banking Committee hearing today on the progress of the Financial Stability Oversight Council. The rules will cover areas including “enhanced” capital requirements and annual Fed stress tests, pursuant to the Dodd-Frank Act of 2010.