In Bernanke's testimony on regulatory reform, he advocates a five-prong approach to protecting...

|By:, SA News Editor

In Bernanke's testimony on regulatory reform, he advocates a five-prong approach to protecting against systemic risk: 1) Consolidated supervision. 2) Coordination among regulatory bodies. 3) Allow gov't to wind down too-big-to-fail institutions. 4) New standards for firms that pose a systemic risk. 5) Special protection for consumers. (webcast)