NY Fed chief in push for global bank framework

NY Fed chief in push for global bank framework

www.ft.com

Banks and investment banks whose health is crucial to the global financial system should operate under a unified regulatory framework with "appropriate requirements for capital and liquidity", according to Tim Geithner, president of the Federal Reserve Bank of New York.

Writing in today's Financial Times, Mr Geithner, a key US policymaker throughout the credit crisis and one of the main architects of the rescue of Bear Stearns, says the US Federal Reserve should play a "central role"....

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Looks like the one world bank and or regulations for it are in the making.

-Kdial1

www.ft.com
(visit the link for the full news article)