U.S. House panel to hear Geithner on reforms-aide

Fri Oct 23, 2009 5:20pm EDT
 
[-] Text [+]

WASHINGTON, Oct 23 (Reuters) - U.S. Treasury Secretary Timothy Geithner and other regulators will testify next Thursday before a House of Representatives committee on systemic risk and other financial reform issues, said a House aide.

Geithner will be joined by Federal Deposit Insurance Corp Chairman Sheila Bair, Comptroller of the Currency John Dugan and Federal Reserve Governor Daniel Tarullo at a hearing held by the House Financial Services Committee, the aide said.

The hearing will focus on Obama administration financial reform proposals, including creating a systemic risk regulator, reforming debt securitization and resolution authority, or new powers for the government to deal with large non-bank financial firms that are in trouble, the aide said.

Democratic committee Chairman Barney Frank intends for the hearing to focus on a new resolution authority proposal from the administration, the aide said.

The new proposal still had not been unveiled on Friday. (Reporting by Kevin Drawbaugh)

 

More News

Long-term shareholders need say on exec pay: Bair
Wednesday, 21 Oct 2009 12:30pm EDT 
Consumer watchdog nears U.S. House panel approval
Wednesday, 21 Oct 2009 07:48am EDT 
New bill coming on resolution authority: Rep Frank
Tuesday, 20 Oct 2009 03:03pm EDT 

Featured Broker sponsored link

Editor's Choice

A selection of our best photos from the past 24 hours.  Slideshow 

Most Popular on Reuters

  • Articles
  • Video