Geithner calls for new risk watchdog

Treasury Secretary Tim Geithner called for new rules Thursday that would allow regulators to police the darkest corners of the financial markets, including big hedge funds and derivatives trading.

The U.S. also needs a single regulator to oversee the biggest financial firms, Geithner told the House Financial Services Committee in prepared testimony. Source

March 29, 2009 Posted in: Derivatives, Finance, Regulation and compliance