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Speech: Jeremy Stein, U.S. Federal Reserve - 'Overheating in Credit Markets: Origins, Measurement, and Policy Responses'

( February 7, 2013, 16:21 GMT | Official Statement) -- MLex Summary: The U.S. Federal Reserve is monitoring whether collateral transformation - the process of swap counterparties exchanging collateral in order to back derivatives trades - may increase systemic risk, Governor Jeremy Stein said in a speech at the Federal Reserve Bank of St. Louis.Statement follows in full:...

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