Taken together, the measures I have described should give us a financial system that is safer, more efficient, and more equitable.
In short, two key objectives of financial regulatory reform are, first, addressing the problems that emerged in the largest, most complex financial firms during the crisis and, second, creating a better balance with respect to regulation and oversight between banks and nonbank financial firms. The Federal Reserve believes that these are the right goals for  4  BIS central bankers’ speeches  reform.