Status Quo Problems

For Ben Bernanke,the way things are isn't good enough.Current law still hampers bank supervision.The Fed is asking Congress for tools necessary to monitor bank safety and soundness.The market infrastructure for derivatives still lacks adequate transparency and efficiency.There is a need for heightened vigilance and forcefulness on the part of supervisors to make sure standards are being met.Holding companies must serve as a source of strength for their subsidiary banks.We are monitoring the major firms' liquidity positions on a daily basis,the central banker indicated.