Geithner on changes in the U.S. financial system

In a speech on 'Changes in the structure of the U.S. financial system and implications for systemic risk' given on 1 October, Timothy Geithner of the Federal Reserve Bank of New York said large US financial institutions pose a new set of risks to markets and they must ensure there are adequate regulatory buffers in place to prevent any crises.

In the speech Geithner made no reference to the economy or monetary policy, but said big banks and government-sponsored enterprises should make sure they

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