Reply
Tue 7 Sep, 2010 07:30 am
Quote:In Washington, Treasury Secretary Henry M. Paulson Jr. spent the day in what his aides said was hourly contact with the Fed, other officials in the administration, finance ministries and regulators overseas and people on Wall Street—where until last year he had worked as an executive at Goldman Sachs. “We’ve been in touch with our colleagues in other agencies and among the financial regulators and are monitoring the situation carefully,” said Michele Davis, the Treasury Department spokeswoman. “Beyond that, we are not commenting.”
I suppose "regulators" in the above context refers to the relevant departments or agencies that are responsible for regulating the conduct or operation of the financial markets. Am I right?
@fansy,
Yes, that is how I read it although it doesn't matter to the meaning if it refers to individual regulators instead of department representatives.