Article source
Bloomberg
Article date
Tue, Nov 3, 2015
Large U.S. banks have major risk-management flaws that could potentially hurt the broader financial system if not addressed, Federal Reserve Chair Janet Yellen said Wednesday in remarks prepared for a House Financial Services Committee hearing.
Yellen’s comments focused on actions the Fed has taken since the 2008 credit crisis to stabilize banks and the financial system. Lawmakers on the Republican-controlled panel are likely to grill Yellen on what they view as the Fed’s intrusive role in the economy.