Bernanke on the Fed's role after the crisis: Congress needs to create new mechanisms for...

|By:, SA News Editor
Bernanke on the Fed's role after the crisis: Congress needs to create new mechanisms for oversight of the financial system as a whole; to ensure that all systemically important financial firms are subject to effective consolidated supervision; and to establish procedures for winding down a failing, systemically critical institution without seriously damaging the financial system and the economy.