FDIC's Hoenig calls for more action to correct incentives for financial companies
Thomas Hoenig, vice-chairman of the Federal Deposit Insurance Corporation (FDIC), this week made a speech in Jakarta, Indonesia, examining the role of economic incentives both in the lead up to the global financial crisis, and in "making a fuller recovery more difficult to achieve".
Hoenig told the Asian Banker Summit that incentives matter, and "how we define the role of monetary policy in setting the overall credit conditions within an economy will have an enormous effect on economic
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