WASHINGTON — Treasury Secretary Tim Geithner yesterday provided lawmakers with details of proposed regulatory reforms designed to contain systemic risk to the economy, including requiring non-standardized derivatives to meet certain standards, requiring the registration of hedge funds, and strengthening the regulation of money market funds to reduce credit and liquidity risks.

Speaking for the second time this week before the House Financial Services Committee, Geithner also laid out more detailed plans for dealing with non-bank financial institutions in severe distress that pose systemic risks. He sent draft legislation for that authority to Congress Wednesday night.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.