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25 Jun 2010, 9:22 am by James Hamilton
The new Financial Stability Oversight Council, chaired by the Treasury Secretary and comprised of key regulators such as the Fed, SEC and CFTC, would monitor emerging risks to U.S. financial stability, recommend heightened prudential standards for large, interconnected financial companies, and require nonbank financial companies such as hedge funds to be supervised by the Federal Reserve if their failure would pose a risk to U.S. financial stability.Office of Financial ResearchThe… [read post]