Federal Reserve Chair Janet Yellen comments on bank regulation and supervision to the Citizens Budget Commission's Annual Awards Dinner

  • Says brazenly unlawful behavior of some bankers raise questions about firms' values, ethics
  • Banks must still improve governance and internal controls
  • Federal Reserve will take swift action to ensure risk management improved on Wall Street
  • Federal Reserve working hard to prevent 'regulatory capture'; concerns of supervisors must be addressed

Yellen hasn't commented on monetary policy in her speech

There will be no Q& A.

Just as well, this is exciting enough! (ps. that's a joke)