Yellen: I'm Pleased With Progress in Banking System

The video discusses the implementation of policies that enhance the safety and soundness of the banking system, including increased capital and liquidity, and rigorous stress tests. It also covers strategies for resolving large financial institutions in case of failure, such as living wills and international cooperation. Recent regulatory progress includes rules requiring firms to hold substantial capital and long-term debt to ensure resources are available for recapitalization in distress situations.

What policies have been put in place to enhance the safety and soundness of the banking system?

How do rigorous stress tests contribute to the stability of large financial institutions?

What progress has been made in resolving failing financial institutions?

What are 'living wills' and why are they important for financial firms?

What requirements have been recently passed regarding capital and long-term debt for financial firms?