Dodd-Frank Can Resolve Problems Of Biggest Banks: Bernanke

Law360, New York (June 7, 2012, 1:54 PM EDT) -- Federal Reserve Chairman Ben Bernanke said Thursday that provisions in the Dodd-Frank Act could in time remove the problem of too-big-to-fail banks, and challenged those who want the biggest financial institutions broken up to come forward with specifics.

Responding to a question from Sen. Bernie Sanders, I-Vt., at his semi-annual testimony before Congress's Joint Economic Committee, Bernanke said that provisions in Dodd-Frank requiring the biggest banks to hold extra capital, face increased supervision and provide plans to wind them down should they fail would provide a...
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