share: digg facebook twitter WASHINGTON (AP) — Treasury Secretary Timothy Geithner has decided to let companies continue to trade certain contracts used to guard against swings in currency values outside regulators' view. [...] critics, including some regulators, counter that the entire market for financial contracts called over-the-counter derivatives should face stricter supervision. Imposing new rules would mean "introducing an additional process into what is a very well-functioning market today, and you would be putting more steps into the settlement process," said Treasury's Assistant Secretary for Financial Markets Mary Miller.

 

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