The Securities Industry and Financial Markets Association Monday said the creation of a system of monitoring overall risks to the nation's financial industry could take one of eight forms, each of which would be costly.
The eight approaches and the assessment of their costliness, which was not specified, were part of a Systemic Risk Information Study released by SIFMA Monday. The survey of 22 regulators, commercial and investment banks, insurers, hedge funds, exchanges, and industry utilities was produced in conjunction with Deloitte & Touche.
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