The Obama administration will target critical weaknesses in the US financial system, such as thin bank capital cushions and lax lending standards, in a proposed overhaul of financial regulation this week, reports the Washington Post.  In the fullest summary to date of reform proposals, Treasury secretary Tim Geithner and White House economic adviser Larry Summers said the plan will also propose stronger investor protection and new powers for the Federal Reserve.

This entry was posted by Gwen Robinson on Tuesday, June 16th, 2009 at 5:28 and is filed under Capital markets, People. Tagged with Larry summers, Tim Geithner. Edit this entry.