Ben S Bernanke: Asia and the global financial crisis Speech by Mr Ben S Bernanke, Chairman of the Board of Governors of the US Federal Reserve System, at the Federal Reserve Bank of San Francisco’s Conference on Asia and the Global Financial Crisis, Santa Barbara, California, 19 October 2009.
Sophisticated technology can at times be its own risk as a system failure or software error can have extremely negative consequences. In light of all the increased exposures to risk, how does the Federal Reserve System approach the subject of risk management, and what expectations do Fed examiners have when they evaluate an institution's risk management?