Opacity led to turmoil - Canada's Dodge
David Dodge, the governor of the Bank of Canada, believes a lack of transparency is partly to blame for the recent turmoil in the financial markets.
Speaking in London on Wednesday, Dodge said: "One lesson [from the current crisis], which I hope will be clear to everyone, is the absolute importance of transparency if markets are to function properly." Dodge added: "Vendors of financial instruments need to structure these investments in such a way that market players can clearly see what they are
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