Regulators must move to avoid 'race to the bottom,' Treasury Secretary says.
By Ian Katz, Cheyenne Hopkins, Bloomberg|June 07, 2011 at 05:33 AM
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U.S. Treasury Secretary Timothy F. Geithner said he wants global minimum standards on derivatives trading and urged regulators to avoid a “race to the bottom” in which financial risk moves to the least-supervised economies.
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