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Fed's Tarullo Says Bank Funding Still Biggest Risk

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October 18, 2013 AT 9:11 AM
By Douwe Miedema WASHINGTON (Reuters) - Reforming short-term funding markets in which banks finance large parts of their business, remains the biggest unfinished job for supervisors around the world, a top U.S. bank regulator said on Friday. "The most important systemic vulnerabilities that have not been subject to sufficient regulatory reforms are those created in short-term wholesale funding markets," U.S. Federal Reserve Governor Daniel Tarullo said in a speech. ...