BUSINESS
06/12/2009 05:12 am ET | Updated May 25, 2011

Banks Must Test More to Identify Other Risks Says Bernanke

Federal Reserve Chairman Ben S. Bernanke said efforts by U.S. banks to raise capital are "encouraging" and called on firms to identify other risks through internal stress tests.

The banks, especially those with "trading and investment banking businesses," should keep monitoring "operational, liquidity and reputational risks," which weren't addressed by the exam concluded last week, Bernanke said in a speech yesterday at a Fed conference in Jekyll Island, Georgia.

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