Treasury Department Secretary Tim Geithner called Thursday for an agreement on comprehensive new international capital standards for banks by the end of 2010, with implementation by the end of 2012.

In a letter to the Group of 20 finance ministers in advance of weekend meetings, Geithner laid out eight principles to increase capital for all banks. He said even higher standards are necessary for systemically important firms.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.