The Obama administration plans to introduce more stringent rules on capital and liquidity as part of a sweeping regulatory overhaul outlined by Tim Geithner, US Treasury secretary, on Thursday. Geithner told Congress that the US needed a fresh approach to regulating risk that identified problems across the financial system as a whole. The focus would be on institutions deemed systemically important, but rules would also be tightened for an even broader range of institutions and products, including OTC derivatives.

This entry was posted by Gwen Robinson on Friday, March 27th, 2009 at 5:01 and is filed under Capital markets, People. Tagged with Tim Geithner. Edit this entry.