2009/03/26

Ministry of Finance will announce the United States to address the financial risks of the system framework



March 24, U.S. Treasury Secretary Timothy Geithner (left 1), Federal Reserve Chairman Ben Bernanke (center) and New York Federal Reserve Bank president and CEO William Dudley Capitol Hill in Washington to attend the House Financial Committee held a hearing Council on American International Group (AIG) to receive bonuses of Congressman's question. Xinhua News Agency reporter Zhang Yanshe

NEW YORK, March 25 (Xinhua) U.S. Secretary of the Treasury on the 25th in New York, Timothy Geithner said that he will be released on the 26th the American government to address the financial risks of the system framework for plans to guard against financial companies on the financial system of systems attack.

Geithner said in a speech on Foreign Relations pointed out: "We from the current financial crisis, one of the lessons drawn are financial enterprises other than banks will also pose a threat to the financial system, the new scheme the Government will give full authorization and means for monitoring the financial enterprises, financial firms to avoid risk-taking initiatives on the whole the impact of the financial system. "

He stressed that: "When this round of financial crisis, after all the major financial companies must comply with the appropriate requirements to ensure that they will not pose a threat to the entire financial system."

Geithner reiterated that the Government will take all means to stabilize the financial system, restore the economic vitality of the United States. He also said that in the next few weeks, the Government will strengthen the control measures to guard against financial fraud and abuse.

24, Geithner at the United States House of Representatives Financial Services Committee to testify, said that the Government has no legal means to regulate non-bank financial companies, American International Group, highlighted the case on the American financial system problems.

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