Fed expects to issue rules for SIFIs soon, Bernanke says

07/21/2011 | Bloomberg

Ben Bernanke, chairman of the Federal Reserve, said that rules governing systemically important financial institutions are coming soon. "The Federal Reserve expects to issue proposed rules on the oversight of SIFIs later this summer," and the central bank is aligned with other regulators in implementing Basel III capital and liquidity requirements, Mr. Bernanke says in testimony prepared for a Senate hearing.

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