Die FED vermutet Unsicherheiten im Finanzsystem...

verfasst von CRASH_GURU, 19.10.2005, 17:04

-->UPDATE 1-Fed's Geithner: Market changes have altered risk
Tue Oct 18, 2005 4:07 PM ET





By Victoria Thieberger

NEW YORK, Oct 18 (Reuters) - The increased complexity of financial systems reduces the vulnerability of individual firms to risk, but adds to uncertainty over how well the financial system would respond to a major shock, New York Federal Reserve President Timothy Geithner said on Tuesday.

Geithner said the increased scope and complexity of financial institutions over the past decade, the increased importance of unregulated hedge funds and new derivative instruments have all increased the need for greater attention to prudential concerns.

"The developments have contributed to what seems to be a significant improvement in the overall stability and resilience of the U.S. financial system by reducing the vulnerability of individual institutions to a broader range of potential shock," Geithner told a banking group.

"They may also, however, add to uncertainty about how well the system might function in the context of a major systemic shock," he said.

<ul> ~ http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2005-10-18T200837Z_01_N18235770_RTRIDST_0_ECONOMY-FED-GEITHNER-UPDATE-1.</ul>

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• Die FED vermutet Unsicherheiten im Finanzsystem... - CRASH_GURU, 19.10.2005, 17:04