Compliance key for subprime solution

The Federal Reserve's planned rule to aid subprime homeowners must be effectively enforced if it is to be successful, said Randall Kroszner, the governor of the Federal Reserve responsible for supervision.

Kroszner said it was not too early to emphasise that the effectiveness of the rule, due to be finalised in April, "will depend critically on effective enforcement."

"The Federal Reserve will do its part to ensure compliance among the institutions it supervises," Kroszner added. "We also have

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