Derivatives still substantial source of risk, says Geithner
US treasury secretary Timothy Geithner said “the derivatives markets are still a substantial source of risk even with all the benefits they bring to peoples’ capacity to hedge risks.”
US treasury secretary Timothy Geithner said today that “the derivatives markets are still a substantial source of risk even with all the benefits they bring to peoples’ capacity to hedge risks.”
“Because we have forced US financial institutions to hold much more capital against those risks - not just in derivatives but more generally - we think the American financial system is in a much better position to withstand not just the...
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