US Trsy’s Geithner-Next reform step is bank capital

WASHINGTON, July 15 (BestGrowthStock) – U.S. Treasury Secretary
Timothy Geithner said on Thursday the next financial regulatory
reform step is forging international agreement on tougher bank
capital rules.

“A core part of the next challenge is making sure we
negotiate a strong, international agreement that requires these
large banks to hold much stronger reserves, much stronger
financial cushions against the risk of loss,” Geithner said in
a news conference after the Senate approved a financial
regulatory reform bill.

US Trsy’s Geithner-Next reform step is bank capital