Yellen Says Banking System Is Much Safer and Sounder

The video discusses measures taken to enhance the safety of the financial system, including stress tests for banks, increased capital and liquidity requirements, and reforms in derivatives and money market funds. These efforts aim to ensure banks can withstand severe economic shocks and prevent future financial crises. While the system is now safer, the possibility of a financial crisis cannot be entirely ruled out.

In what ways has the architecture of the financial system been altered to enhance safety?

What reforms have been implemented for money market funds to prevent runs?