11 December 2007
City of London welcomes US Treasury Assistant Secretary to
discuss US Capital Markets' competitiveness in London
U.S. Treasury Assistant Secretary David G. Nason will discuss
Treasury efforts to strengthen the competitiveness of U.S. capital
markets before the City of London Corporation in London on Tuesday
11 December.
When U.S. Treasury Secretary Henry M. Paulson, Jr. first took
office, he said promoting the competitiveness of U.S. capital
markets is a vital issue to strengthening the U.S. economy. He
hosted a major conference in March with international leaders on
this issue.
As part of his plan for strengthening American capital markets
he called for an examination of the structure of the U.S. financial
regulatory system. One area of focus has been the difference
between the U.S. financial regulatory structure and regulators
around the world, including the benefits of the U.K. financial
regulatory structure.
Additionally, Treasury has been examining the benefits and
consequences of the overlapping federal and state-based oversight
on issues such as mortgage origination and insurance.
The Department will release its recommendations for improvement
early next year. For more information on the Secretary’s capital
markets competitiveness initiative, please visit:
http://www.treas.gov/initiatives/capital-markets/
The following event is open to media:
Who U. S. Treasury Assistant Secretary David G.
Nason
What Remarks on American Capital Markets
Competitiveness
When Tuesday, December 11, 2007 11.30 a.m. (Local
Time)
Where City of London Corporation, Basinghall
Suite, Guildhall Art Gallery, Guildhall Yard EC2