Calls grow louder for international overview of U.S. markets

By Heather Timmons and Katrin Bennhold
International Herald Tribune

August 28, 2007

Politicians, regulators and financial specialists outside the United States are seeking a role in oversight of American markets, banks and rating agencies in the wake of recent problems related to sub-prime mortgages. Their argument is simple: The United States is exporting financial products, but losses to investors in other countries suggest that American regulators are not properly monitoring the products or alerting investors to the risks… more