O'Neill: Corporate reforms will boost investor confidence

Reforms under way to improve corporate accounting standards and hold chief executive officers more accountable for corporate disclosures will boost investor confidence, said US Treasury Secretary Paul O'Neill.

"Changes occurring today in corporate board rooms, on Wall Street, in SEC (Securities and Exchange Commission) rules and in the law will ensure that we overcome today's uncertainties about corporate financial information," he said in remarks to the New York Treasury Securities group.