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NY Fed to review regulation

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Geithner, speaking at the Bond Market Association's annual meeting, conceded: "The progress achieved in internal control regimes has of course come with some costs," and that "despite the difficulty of adding up all these costs, it is hard to challenge the widespread view that they have been quite substantial".

Geithner said that "provisions that seem optimally designed at any given time are likely to need to evolve as conditions change. That this should occur is a natural aspect of a dynamic

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