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• Treasury close to bank rules proposal

  WASHINGTON (Reuters) – U.S. Treasury Secretary Timothy Geithner will soon propose an overhaul of the financial regulatory system that is expected to give the Federal Reserve powers to monitor broad economic risks, a Treasury spokesman confirmed on Monday. Share and Enjoy:

• World’s biggest banks to meet in London

  TOKYO (Reuters) – Chief executives of leading Japanese, European and U.S. banks will meet in London to discuss the future of the financial system, the Nikkei newspaper reported, as the global financial crisis prompts a barrage of new regulatory proposals for the sector. Share and Enjoy:

• Paulson renews financial rules reform push in FT

  WASHINGTON (Reuters) – Former U.S. Treasury Secretary Henry Paulson called for an overhaul of financial regulation in an article in the Financial Times on Tuesday, largely reiterating a plan he proposed in March 2008. Share and Enjoy:

• Paulson sees financial situation stabilizing

  Treasury Secretary Henry Paulson said Tuesday that he does not expect any more major financial institutions to fail during the current credit crisis. Share and Enjoy:

• Bernanke says regulatory overhaul needed

  The nation’s financial regulatory system must be overhauled to strengthen oversight of banks, mutual funds and large financial institutions, Fed chief Bernanke said Tuesday. Share and Enjoy:

• Geithner says to “streamline” regulatory structure

  WASHINGTON (Reuters) – U.S. President Barack Obama will lay out a proposal for a financial regulatory overhaul next week that will aim to curb excessive risk-taking on Wall Street, Treasury Secretary Timothy Geithner said on Tuesday. Share and Enjoy: