Geithner Spells Out Regulatory Proposals

Treasury Secretary Timothy Geithner unveiled on Mar. 26 details of the Obama Administration's proposals to strengthen regulation in the financial sector, including new oversight of hedge funds and derivative financial products such as credit default swaps. The proposal also expands on the Administration's call for a broad "resolution authority" that would allow orderly dissolution of insolvent firms' whose failure would threaten the stability of the financial system.

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