Geithner seeking to bring derivitives market under regulation
US Treasury Secretary Tim Geithner is attempting to bring the 450 trillion £299 trillion overthecounter derivatives market - in part blamed for last Autumn's financial meltdown - in to the regulatory fold for the first time.
Source: telegraph.co.uk
Comments
Simon James, Gore Browne Investment Management, 2009-05-14 14:22:20
This is a move in the right direction, as it would improve transparency in this influential market. Transparency, rather than restriction, such as short selling bans, is the way to go.