US regulators outline rules on structured finance

Five US regulatory organisations have issued a statement of principles on dealing with the risks involved in complex structured financial products.

The Office of the Comptroller of the Currency, the Office of Thrift Supervision, the Federal Reserve, the Federal Deposit Insurance Corporation and the Securities and Exchange Commission started drawing up the guidelines in 2004 after the failure of Enron. They warned that companies should consider products elevated risk if they seem to be

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