Highlights of U.S. Financial Stability Plan

Special Report:Global Financial Crisis

WASHINGTON, Feb. 10 (Xinhua) -- U.S. Treasury Secretary Timothy Geithner on Tuesday delivered a speech on the Obama administration's comprehensive Financial Stability Plan. The following are some highlights of the speech:

TRANSPARENCY AND ACCOUNTABILITY

-- A new website, FinancialStability.gov, will be launched to detail where federal funds are going and whether they are succeeding in stabilizing the financial system and promoting new lending, including posting all contracts on the Internet.

-- The Treasury will require banks to show how government assistance will expand lending and how they intend to use taxpayer dollars.

　　STRESS TESTS

-- The Treasury, together with the Fed, FDIC and federal bank regulators will jointly develop the guidelines of "stress tests" to ensure the nation's largest banks can withstand a worsening economy. Those banks who fail the test will receive more capital injections from the government.