US assistant finance ministers: countries should work together to promote international financial system reform

November 6 Afternoon news, U.S. finance Assistant Secretary Marissa-Rag in the financial New Year Forum, said the United States hopes to strengthen cooperation with other countries to further promote the reform of the international financial system. "Multilateral cooperation is our consistent position," Marissa said.　　"The United States hopes to establish a more complete, comprehensive and inclusive financial regulatory system to establish standards for financial regulation."　　Marissa believes that the 20-nation group's goal of coordinating financial regulation is difficult to achieve, but countries should commit themselves or have such a commitment to achieving a sustained policy coordination mechanism.　　The Treasury Department has proposed four key regulatory reforms: capital requirements, institutions that have a major impact on the financial system, controls on derivatives and over-the-counter transactions. Marissa said: "We very much welcome the Basel Committee's proposed new standards to reduce the risk of a new round of financial crises in the future." "Marissa also said that China's financial industry is developing, so we can learn from the reform of the U.S. financial sector, which will play an important role in China's rapidly developing financial security." (Yang Zhuo from Beijing)