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Asset Managers May Yet Avoid Systemic Risk Designation

By Brian Mahoney (May 19, 2014, 6:40 PM EDT) -- A U.S. Department of the Treasury official on Monday tried to allay fears that U.S. financial regulators were set on tightening oversight of asset management firms, saying the government may decide to forgo stricter regulations — including designating major firms as systemically important financial institutions — depending on the results of an ongoing study....

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