WASHINGTON - Federal Reserve Board Chairman Alan Greenspan said Friday in that the failure of Barings PLC has not created systemic problems for the world's financial system.

Mr. Greenspan, speaking at an Atlanta Fed-sponsored conference on financial markets in Coral Gables, Fla., said the market for Japanese stocks and bonds remains strong, despite Barings' failure.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.