The Obama administration will target critical weaknesses in the troubled
U.S. financial system, such as thin bank capital cushions and eroded lending
standards, when it proposes an overhaul of financial regulation this week, two
senior officials said on Monday.

In the fullest summary to date of the administration's reform plan,
Treasury Secretary Timothy Geithner and White House economic adviser Lawrence
Summers urged stronger consumer and investor protections, new "systemic risk"
policing powers for the Federal Reserve, and less reliance on credit ratings.

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MAIN STORIES ON US REFORM FINANCIAL REGULATION
> Obama reform plans target banks, securitization [ID:nN15190553]
> Obama to require lenders to keep 5 pct of credit risk [ID:nN15219466]
> Wall St uneasy about reform of credit rating agencies [ID:nN15437266]
> Amherst's Dobson: Bank stakes in securitizations not enough [ID:nN15406884]
> US aims to force lenders to retain risk in securitizations [ID:nN15642100]
>
FACTBOXES
> Obama plan for tightening US financial regulation [ID:nN15211435]
> Key players in reshaping US financial regulation [ID:nN1570842]
> Major US financial regulation initiatives [ID:nN15211009]
> Major US financial regulators face shake up [ID:nN15198192]
(New York Treasury Desk, +1-646-223-6352)