(Bloomberg) -- The U.S. Securities and Exchange
Commission's top market-regulation official said Bear Stearns
Cos. will likely resolve problems in an ``orderly fashion'' at
two hedge funds that almost collapsed last month.
``Although the situation remains in flux, it appears'' that
the Bear Stearns funds will ``be able to unwind in an orderly
fashion, with limited impact on the broader market,'' the
Washington-based agency's director of market regulation, Erik
Sirri, said in prepared testimony to the House Financial Services
Committee today.
Read more at Bloomberg Bonds News
Commission's top market-regulation official said Bear Stearns
Cos. will likely resolve problems in an ``orderly fashion'' at
two hedge funds that almost collapsed last month.
``Although the situation remains in flux, it appears'' that
the Bear Stearns funds will ``be able to unwind in an orderly
fashion, with limited impact on the broader market,'' the
Washington-based agency's director of market regulation, Erik
Sirri, said in prepared testimony to the House Financial Services
Committee today.
Read more at Bloomberg Bonds News
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