Here it come Global Governance

Geithner Seeks Global Action on New Regulations

By DAMIAN PALETTA

Treasury Secretary Timothy Geithner on Saturday pushed his foreign counterparts to implement parts of the Obama administration's overhaul of financial-market supervision, arguing that a level playing field is necessary to ensure that the new safeguards aren't undermined.
Mr. Geithner called for tougher capital standards for globally active banks, powers in each country to wind down a faltering global financial company and more uniform transparency over complex products such as derivatives.
Treasury officials also want stronger supervision of large banks across major countries and better information-sharing arrangements so that U.S. and foreign officials can more closely supervise internationally active companies.
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