Signs of confidence and stability in the US financial system have been seeing, US Treasury Secretary Timothy Geithner said in Paris on Thursday, adding it is too soon for any new action.

After his meeting with French Prime Minister Francois Fillon and Finance Minister Christine Lagarde, Geithner told Bloomberg Television he saw "durable very important signs of not just adjustment and restructuring of our financial system but greater confidence and stability of the system."

"We are moving very quickly to try to put in place comprehensive reforms of risk-taking in the financial sector to try to make sure we put in place not just strong protection for consumers ... but also to make sure that we have a more stable more resilient financial system less prone to crisis."

"Credit markets are improving and we are seeing life starting to come back into markets that basically shut down at the end of last year," he said.

Geithner pointed out that stimulus measures would have the biggest effect in the second half of this year, thereby talking about new plans was premature, according to the website of French newspaper Les Echos.

In response to recent concerns about the US dollar's status, Geithner said the US dollar would remain its status as the world's reserve currency.

Geithener on Thursday discussed a number of issues with French Prime Minister Francois Fillon, which included the global economy, the scheduled G20 meeting in September in Pittsburgh and sanctions against Iran.

(Xinhua News Agency July 17, 2009)