The Bankwatch

Tracking the consumer evolution of financial services

These standards … must also ensure the stability of the system itself | Geithner

With those words, Geithner begins the process of regulation that addresses institutions and the entire financial system.  More as I get it.

Geithner lays out new financial rules | Financial Times

“This crisis has made clear that certain large, interconnected firms and markets need to be under a more consistent, and more conservative regulatory regime,” said Mr Geithner. “These standards cannot simply address the soundness of individual institutions, but must also ensure the stability of the system itself.”

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Written by Colin Henderson

March 26, 2009 at 13:54

Posted in Uncategorized

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