Wednesday, May 4, 2011
More Light is Needed to Eliminate the Shadow Banking System
The debate over the Dodd-Frank Act continues to rage as regulators work to create the rules and infrastructure needed to support the new law. One of the more contentious areas is the creation of clearinghouses to regulate over-the-counter derivative securities trading. Earlier this month, Federal Reserve Chairman Ben Bernanke delivered a speech on this very [...]
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