Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Monday, June 9, 2008

NY Fed's Geithner Calls for Greater Oversight

Timothy Geithner, President of the Federal Reserve Bank of New York and the principal architect of the bailout of Bear Stearns, called for tougher regulation of the financial markets and increased Fed supervision to prevent future crises.  Geithner also said that the New York Fed is hosting a meeting of seventeen firms that represent 90% of trading in credit derivatives to discuss reform, including creation of a clearing house for credit-default swaps.

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