PALM DESERT, Calif. - The United States is determined to show the world it is leading global economic recovery efforts, even if that means creating what some in the industry view as risky new risk regulators.

Congress has been scrambling for weeks to create a systemic risk regulator before President Barack Obama heads to London this week for the Group of Twenty Finance Ministers and Central Bank Governors, but many financial experts are wondering if the government is rushing too quickly to create new regulations and whether such regulations could have prevented the current financial crisis.

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