Federal Reserve Board Chairman Ben Bernanke on Tuesday emphasized the role of central banks in preserving financial stability, arguing it must have equal footing with their monetary policy responsibilities.

"In the decades prior to the crisis, monetary policy had come to be viewed as the principal function of central banks; their role in preserving financial stability was not ignored, but it was downplayed to some extent," said Bernanke in remarks before the Federal Reserve Bank of Boston's annual economic conference. "The financial crisis changed all that."

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.