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Regulators Tangle Over ‘Systemically Important’

The Federal Deposit Insurance Corp. is said to be at odds with the Department of the Treasury and the Federal Reserve over which firms should be deemed systemically important, and thereby required to meet higher capital requirements, reports Financial Times.

The Federal Deposit Insurance Corp. is said to be at odds with the Department of the Treasury and the Federal Reserve over which firms should be deemed systemically important, and thereby required to meet higher capital requirements. Sources said the FDIC prefers a broader definition that would include hedge funds, insurance companies and asset managers, while Treasury and the Fed would like to limit the numbers of firms so designated.

Click here to read the story from The Financial Times.

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