The best we can do in my judgment is what we do today: Regulate them indirectly through the regulation of the sources of their funds. We are thus able to monitor far better hedge funds’ activity, especially as they influence US financial markets. If the funds move abroad, our oversight will diminish.
The bank’s responses after the earthquake  Since immediately after the earthquake disaster, the Bank has been taking a range of measures in a timely manner, from three main perspectives: (1) maintaining the functioning of financial and settlement systems; (2) ensuring the stability of financial markets; and (3) supporting the economy. I would now like to discuss the Bank’s response to the disaster.