Bernanke opines on credit derivatives

Federal Reserve chairman Ben Bernanke gave a speech at the Federal Reserve Bank of Atlanta's 2007 Financial Markets Conference, in Sea Island, Georgia, in which he argued that central banks and other regulators should resist the temptation to devise ad hoc rules for new financial instruments and institutions. “Rather, we should strive to develop common, principles-based policy responses that can be applied consistently across the financial sector to meet clearly defined objectives,” he said.

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