Doing so would help promote the safety and soundness of these firms individually and the stability of the financial system generally. Indeed, given the significant adverse effects that the failure of such a firm may have on the financial system and the broader economy, the goals and implementation of prudential supervision and systemic risk reduction are inextricably intertwined in the case of these organizations.
Our banking system is healthy, and our capital markets, which are flexible and multifaceted, are well equipped to handle shocks. Perhaps the most notable feature of our economy in recent years, however, has been the acceleration in productivity.