Geithner looks into regulatory reform using existing powers

06/26/2009 | Reuters

As Congress prepares to take up the Obama administration's proposal for financial-regulatory overhaul, Treasury Secretary Timothy Geithner is working on changes that can be made within existing authorities of regulatory agencies, he said. "We're moving now the next stage of this process. It's going to have an important legislative component to it, but outside that process, also we're going try to make sure we're making progress on the range of things that people can do to make these markets safer, more stable, [with a] more balanced mix of innovation and stability in the future," Mr. Geithner said.

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