Risks persist in wholesale funding, Bernanke says

05/13/2013 | Bloomberg · Bloomberg Businessweek

Federal Reserve Chairman Ben Bernanke has warned that risks continue to exist in wholesale funding markets. "More work is needed to better prepare investors and other market participants to deal with the potential consequences of a default by a large participant in the repo market," he said. The financial crisis highlighted the fragility of the repurchase market, and its susceptibility to the "possibility of a run," Bernanke said.

View Full Article in:

Bloomberg · Bloomberg Businessweek

Published in Briefs: