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Treasury Advises FSOC Take 'New Approach' To Nonbanks

By Jon Hill ( November 17, 2017, 8:03 PM EST) -- The U.S. Department of the Treasury on Friday called for the Financial Stability Oversight Council to take a "new approach" to safeguarding the financial system, urging the Dodd-Frank Act-created panel to shift away from tagging nonbank financial firms for tougher regulatory scrutiny and instead take an industrywide view that looks at particular products and activities....

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