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In his speech yesterday to the Council on Foreign Relations in Washington D.C., Bernanke highlighted the failure of risk management systems of the private sector as a catalyst in the financial crisis. He went on to state that current government regulatory regimes were inadequate for efficient investment, and that the Fed will take forceful actions moving forward to restore investor confidence and credit by reducing “systemic” risk.

Specifically, what are the “systemic” or inherent risks financial institutions face, and will the reform that is forthcoming address specific control gaps such as unmonitored and uncontrolled spreadsheets and EUCs?

Let’s hear your comments!

You can read the full speech here.