Geithner outlines key points for financial reforms in 2012
英语课
WASHINGTON, Feb. 2 (Xinhua) -- U.S. Treasury 1 Secretary Timothy Geithner said Thursday U.S. financial system has been strengthened through reforms ,but warned that gains would erode 2 if efforts eased.
"This is a critical year for financial reform," Geithner said in a briefing with reporters. He said the financial system is getting stronger and safer but a lot more need to be done for the year ahead.
In 2012, the Treasury Department expects to put in key elements of the new framework of safeguards for the financial system and at the same time make progress on reforms of the housing finance system.
The Treasury Secretary said his agency would set new rules on capital and liquidity 3 of banks, continue reform on the derivatives 4 markets, set rules against risk outside the banking 5 system, and expand availability of credit to small businesses.
Geithner also pledged to lay out more details about reform in the housing finance system. In his view, the immediate 6 obligation is to "repair the damage to homeowners, the housing market, and the neighborhoods caused by the crisis."
"In our white paper released last February, we outlined a broad strategy with several options for reforming the housing finance system. We expect to lay out more detail around approaches to reform in the spring," Geithner said.
In order to create a more sustainable housing finance system, they would wind down the Government Sponsored Enterprises, like Freddie Mac and Fannie Mae, and bring private capital back into the market, reducing the government's direct role in the housing market.
His remarks on housing finance market came a day after U.S. President Obama laid out a detailed 7 plan to help homeowners refinance and support a housing market recovery.
"No financial system is invulnerable to crisis, and we still have a lot of unfinished business on the path of reform," Geithner noted 8.
n.宝库;国库,金库;文库
- The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
- This book is a treasury of useful information.这本书是有价值的信息宝库。
v.侵蚀,腐蚀,使...减少、减弱或消失
- Once exposed,soil is quickly eroded by wind and rain.一旦暴露在外,土壤很快就会被风雨侵蚀。
- Competition in the financial marketplace has eroded profits.金融市场的竞争降低了利润。
n.流动性,偿债能力,流动资产
- The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
- The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。
n.衍生性金融商品;派生物,引出物( derivative的名词复数 );导数
- Many English words are derivatives of Latin words. 许多英语词来自拉丁语。 来自《简明英汉词典》
- These compounds are nitrosohydroxylamine derivatives. 这类合成物是亚硝基羟胺衍生物。 来自辞典例句
n.银行业,银行学,金融业
- John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
- He possesses an extensive knowledge of banking.他具有广博的银行业务知识。
adj.立即的;直接的,最接近的;紧靠的
- His immediate neighbours felt it their duty to call.他的近邻认为他们有责任去拜访。
- We declared ourselves for the immediate convocation of the meeting.我们主张立即召开这个会议。
adj.详细的,详尽的,极注意细节的,完全的
- He had made a detailed study of the terrain.他对地形作了缜密的研究。
- A detailed list of our publications is available on request.我们的出版物有一份详细的目录备索。
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