SAN DIEGO - Federal Reserve Board Chairman Alan Greenspan, expressing concern about increased use of derivatives, told bankers here that the central bank might step up the use of specialized teams of examiners to monitor the instruments.

In a speech to the American Bankers Association, the Fed chairman also urged bankers to periodically reassess the mathematical models they use to control their derivative portfolios.

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.