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Monday, November 19, 2012

Treasury’s Under Secretary Miller: Issues of Concern Remain

Treasury’s Under Secretary for Domestic Finance Mary Miller spoke at the Federal Reserve Bank of Chicago’s 15th annual International Banking Conference. Miller recognized regulators and lawmakers have made progress in the past few years getting the economy back on track however, she noted there remain areas of particular importance that require addition work.

The areas of Miller’s focus include:
  • Completing the Dodd-Frank Act mortgage-finance related rules in order to reinvigorate the private lending market;
  • Reforming the short-term funding markets to improve investor confidence and reduce the risk of unnecessary market volatility; 
  • Delivering a set of derivatives rules that can be efficiently implemented and serve as a leading global standard; and 
  • Finalizing the Basel capital rules to help banks expand their lending activities with more confidence.
Read Miller’s prepared remarks.

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