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Chicago's Moskow on bank structure and competition

In a speech given on 6 May Michael Moskow of the Federal Reserve Bank of Chicago said lawmakers and regulators need to be sensitive to potential problems at the U.S. pensions guarantee fund.

A panel on the pensions issue and the state of the Pension Benefit Guarantee Corp. "brought back memories" of the now-defunct guarantor of deposits at savings and loan associations, Moskow said.

"The parallels included criticism of accounting procedures and a seeming lack of concern by those in Washington to

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