Posted AT 12:00 AM EST on 22/08/08
Carney wants derivatives trading addressed
OTTAWA — The Bank of Canada urged a federal panel studying securities regulation to include derivatives trading as part of its deliberations.
In a submission to the Expert Panel on Securities Regulation, Bank of Canada Governor Mark Carney said that it is “generally recognized” that regulators have failed to keep pace with rapid mutations in the types of derivatives offered and the ways in which they are bought and sold.
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