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Email News Service June 08: Accounting needs to be less pro-cyclical, says Bundesbank chief; NY Fed’s Geithner urges a look at interactions

Simon Turmaine | June 8, 2008

LONDON, June 9 (Global Risk Regulator) – Financial regulators need to think actively about how to make the world’s regulatory and accounting framework less pro-cyclical, or prone to undesirable reinforcement of economic cycles, according to Germany’s central bank chief.

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