The White House is engaged in a fresh push to improve the financial-regulatory system. Treasury Secretary Timothy Geithner is set to meet with leaders of industry groups to encourage them to go along with the legislative effort. Christopher Dodd, chairman of the Senate banking committee, met with Sen. Bob Corker, R-Tenn., in an attempt to draft a bipartisan measure. The Obama administration reiterated its commitment to curbing proprietary trading at major financial institutions, but the Treasury Department indicated that it will give regulators discretion in defining such trading.

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