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Treasury's Paulson Says Regulators Should Ensure Financial Stability |
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Written by CEP News |
Jul 02 08 11:05 GMT |
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(CEP News) - In excerpts from comments to be made at an event in the UK, U.S. Treasury Secretary Henry Paulson once again repeated calls for new regulations that favour market stability and discourage firms from using emergency funding from government agencies as a back-stop.
"We need to create a resolution process that ensures the financial system can withstand the failure of a large complex financial firm," he said. Paulson also said government should have some say in the rescuing of firms. By Erik Kevin Franco,
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, edited by Stephen Huebl,
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