NY Fed's Geithner on risk management challenges

In a speech on 'Key challenges in risk management' given on 13 January, Timothy Geithner of the Federal Reserve Bank of New York said a set of pressing macroeconomic problems has increased the probability of shocks to global financial prices.

"The probability of these shocks may be low, but it is higher than it has been, and higher than we should be comfortable with," Geithner said in the speech to a business group in New York.

"The international monetary system now incorporates an uncomfortable

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