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) Keywords: CONGRESS HEARING/GEITHNER (kevin.drawbaugh@thomsonreuters.com, +1 202 898 8390, +1 202 488 3459 (fax)) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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) Keywords: CONGRESS HEARING/GEITHNER (kevin.drawbaugh@thomsonreuters.com, +1 202 898 8390, +1 202 488 3459 (fax)) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2009 AFX News
