Bernanke: Fed Best Equipped To Supervise Large Financial Organizations

Federal Reserve Chairman Ben Bernanke said Wednesday that there is no other agency that could replicate the “breadth and depth of relevant expertise” that the central bank has in its regulation of the nation’s banks and its analysis of systemic risks.

Speaking at a hearing before the U.S. House Committee on Financial Services, Bernanke said that the Fed is uniquely suited to supervise large financial organizations.