NY Fed's Geithner sets sights on hedge funds
Two provocative speeches given last month by Timothy Geithner, president of the Federal Reserve Bank of New York, suggest that following its efforts to tackle the backlog of unconfirmed credit derivatives trades, the New York Fed may try to act as a catalyst to improve best practice around dealers' risk management of their hedge fund-facing and broader derivatives-related activities.
Speaking at the annual Bond Market Association conference on May 19, Geithner said that three areas topped the New
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