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April 16, 2014

Under Yellen, Fed may tighten rules on banks

  • The Fed chair also said non-bank entities — such as money market mutual funds, and private equity and hedge funds — might also need tougher rules.
    • By MARTIN CRUTSINGER
    AP Economics Writer

    WASHINGTON — The Federal Reserve may be about to turn more aggressive in its regulation of the financial system.

    Fed Chair Janet Yellen suggested Tuesday that current regulatory rules might not be enough to prevent the kind of risk-taking that triggered the 2008 financial crisis and nearly toppled the entire banking system.


     
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