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Geithner pledges new rules of finance

08-03-2010 13:47 BJT

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U.S. Treasury Secretary Timothy Geithner says the government will move as quickly as possible to bring clarity to the new financial regulations.

During a speech at New York University on what's to come on the financial regulatory front, Geithner said the process was frustrating and moved at a glacial pace, but that needed to be changed. U.S. President Barack Obama signed financial regulatory reforms into law last month. But it's largely a work in progress, since implementation legislation is still being drawn up.

Geithner says the Treasury will try to speed up the rule-making process, and the core challenge is to restore trust and confidence.

Timothy Geithner said "The rule writing process traditionally has moved at a frustrating, glacial pace. We must change that."

Editor:Xiong Qu |Source: CNTV.CN

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