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Fed Chairman, Ben Bernanke wants a council of regulators to monitor systemic risk in the economy. In addition Bernanke wants all systemically important institutions subject to a consolidated regulator, whether or not the firm owns banks.
To further justify his concept of a council of regulators, Bernanke went on to say: "For both purposes of effectiveness and accountability, the consolidated supervision of an individual firm, whether or not it is systemically important is best vested in a single agency."
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
