Timothy Geithner Remarks at G-20 Summit

U.S. Treasury Secretary Timothy Geithner spoke to dignataries gathered for a G-20 summit in Pittsburgh. He predicted the summit would produce broad agreement on a set of goals for reforming the world economy, as well as timetables for assessing progress toward them. He said the nations also would reach an accord on the regulations of their financial markets to discourage practices that increase risk in the economy. He said that new regime, while implemented differently in different countries, would be monitored by a newly empowered Financial Stability Board to ensure that countries do not seek to attract investment with lax standards and scant oversight. close