Regulator Concedes Missteps in A.I.G. Oversight

Courtesy NYT > Business  Thu, 03/05/2009 - 10:08

Regulators failed to realize the huge risk posed by the insurance giant’s credit default swaps and should have stepped in sooner, the Office of Thrift Supervision said.


 

Related items

15 big banks commit to derivatives targets
Fifteen big banks that dominate worldwide trading of derivatives have committed to greater transparency in a $600 trillion market that regulators say needs stricter oversight to protect the...

DealBook: U.S. Banks Tally Their Exposure to Europe's...
Some banks, using credit-default swaps, are more hedged than others against the possibility of a debt cascade in Europe.

DealBook: In Europe, a Conflict Over Bank Capital
As European banks move to shed businesses and write off losses, their regulators might veto any steps they fear could inflict further damage.

BlueAnt UNOTPBAX53 X5 Bluetooth Stereo Headphone...
The X5 Stereo Bluetooth Headset is a portable multi-function device utilizing the latest cutting edge technologies allowing you to stream high quality music and make voice calls using a...

Uniden TRU9496 2-Line Corded/Cordless Digital...
With the Uniden TRU9496 5.8 GHz Digital 2-Line Expandable Phone System is the next generation of 5.8 GHz cordless phones. It's a full-featured digital answerer, with a Dialing keypad and a...


 

Post new comment

The content of this field is kept private and will not be shown publicly.
CAPTCHA
We apologize for the inconvenience. Please help fight spam.
business.marc8.com