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Published on Mar 5, 2009
Today, the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises held a hearing, 'Perspectives on Systemic Risk.' This is the first in a series of hearings to examine how to improve the ability of the government to prevent private sector activities from putting at risk the stability of the U.S. economy. The hearing will assist the Financial Services Committee in crafting legislation to create a systemic risk regulator for the financial services industry.