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Yellen, Sens Advocate For Discretion In Banking Regs

By Dani Kass ( July 16, 2015, 9:34 PM EDT) -- Federal Reserve Board Chair Janet Yellen would be open to a modest increase to the $50 billion threshold banks must meet to be considered systemically important, as long as there was leeway for the Fed to regulate banks with higher risk profiles that don't meet that number, she told the Senate Committee on Banking, Housing and Urban Affairs on Thursday....

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