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Fri 03 Mar 2010Warning on financial regulation
TOP OFFICIALS warned policymakers this week to avoid hurting global efforts to toughen up financial regulation as differences emerge over derivatives speculation, hedge funds and bank capital.
“We all sit in the same boat,” Financial Stability Board (FSB) chairman Mario Draghi told a European Parliament hearing. “We want to retain a globally integrated financial market. That is a prerequisite for stability and growth,” Mr Draghi said.
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