U.S: Geithner at G20 Meeting

Today US Secretary Timothy Geithner released a statement of principles to guide forthcoming Group of 20 nations' meetings regarding financial regulation. These eight principles followed the themes of the US Treasury department's white paper and stressed the international coordination necessary for full success. Geithner's statement included the following principles: 1. Regulation of banking firms should focus on macro-prudential rules that consider systematic issues such as: size,