U.S., China to hold more financial shock exercises, Treasury officials say By Reuters

By David Lawder BEIJING (Reuters) – The U.S. and China are deepening cooperation on financial stability issues, U.S. Treasury officials said, with two more simulations of financial shocks scheduled after a recent exercise on dealing with the failure of a large bank. The exercises have been developed by a U.S.-China financial working group formed last year when U.S. Treasury Secretary Janet…