Fed Chief Greenspan Rejects Calls For Regulation Of Derivatives
BOCA RATON, FLA--Citing the higher complexity and sophistication of banks' internal risk management processes, US Federal Reserve Board chairman Alan Greenspan rejected calls for increased regulation of the derivatives markets, in a speech at the Futures Industry Association conference.
His remarks followed calls earlier in the conference for more regulation of derivatives, following the losses and market turmoil of the third quarter of 1998.
Greenspan attributed many of the losses to more
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