In addition, to address the fragmentation of responsibility for financial stability across different agencies, the Fed is part of a new interagency body, the Financial Stability Oversight Council, which helps U.S. regulators work together more effectively to better promote the stability of the financial system.
It gives me great pleasure to welcome you to this auspicious occasion when we mark the end of the Holy month of Ramadan and to celebrate Eid-El-Fitri.