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Article: Business.(United States Federal Reserve Board on treasury bonds, Britain's Financial Services Authority om financial services industry, and the Swiss National Bank intervention of their country's economy)
- Article from:
- The Economist (US)
- Article date:
- March 21, 2009
CopyrightCOPYRIGHT 2009 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Federal Reserve said that it would buy up to $300 billion in long-term American treasury bonds and several hundred billions more in mortgage-backed securities in an attempt to see off the threat of deflation. The unanimous decision came at a meeting of the Fed's Open Market Committee on March 18th.
Turning the page
A report by the chairman of Britain's Financial Services Authority, Lord Turner, called for sweeping changes to the way in which the financial-services industry is regulated. The report recommended the setting up of an independent European regulatory body. It also proposed measures to curb institutions' ability to take excessive risks, ...