Skip to content

Geithner-Led Group Faults Fed for Slow Work on Treasuries Market

  • G30 says Fed is missing opportunity with repo backup facility
  • Lack of action on supplementary leverage ratio is ‘concerning’
Updated on

A panel led by former Treasury Secretary Timothy Geithner leveled criticism at the Federal Reserve in a call for regulators to strengthen moves to address the risk of trading breakdowns in the $23 trillion US Treasuries market.

“The Treasury market is the most important financial market in the world,” Geithner said in a briefing Thursday on a report by the panel that updated a push for reforms issued last year. “The Treasury market has long since outgrown its regulatory framework.”