Financial Stability Oversight Council will launch amid infighting

09/30/2010 | Wall Street Journal, The

Leading financial regulators are engaged in a turf war on the eve of the launch of the Financial Stability Oversight Council, sources said. Treasury Secretary Timothy Geithner will lead the council, which is designed as a forum for regulators to monitor emerging financial-market risk. The most recent behind-the-scenes debate involved drafting policy for the securitization market.

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