March 18, 2015 Chair Yellen’s Press Conference PRELIMINARY procedures that are in place that we're to follow if we believe that there have been leaks of confidential information, and this is something that doesn't occur very often. But if it does occur, we follow those procedures. It has been reported that our Inspector General is engaged in a review at this time of this matter. And in light of that ongoing review, I'm not going to get into details, but let me just say that we welcome that review and are looking forward to its conclusions with respect to Congress, congressional inquiries. We have arranged to brief members of Congress who've asked about this, and we'll certainly cooperate in trying to provide them the information that they seek. JOHN HELTMAN. Madame Chair, thanks for taking my question. The banking sector has clearly improved since the crisis in terms of capital retention, but there's also seemingly a number of scandals involving forex manipulation, of course Libor. Do you think that the culture at the banks is where it ought to be? And if not, what is the Fed going to do improve it and when? CHAIR YELLEN. Well it’s certainly been--I mean, it’s certainly been very disappointing to see what have been some really brazen violations of the law, and we absolutely expect the banks that we supervise to comply with the law and to have in place controls that ensure compliance in organizations. And while changing the culture of organizations is not something that we can achieve through supervision, we will make sure that the banks that we supervise have appropriate compliance regimes in place. And to the extent that compensation scheme might be incenting such behavior that inappropriately reward risk-taking, that's something that was--we will, you know, look for in our supervision as well. Page 17 of 22