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FSOC Designation Pivot Risks 2008 Repeat, Senators Hear

By Jon Hill (March 14, 2019, 10:14 PM EDT) -- A former Federal Reserve attorney warned the Senate Banking Committee on Thursday that recent proposals to curtail the Financial Stability Oversight Council's use of it authority to tag large asset managers and other nonbanks for heightened regulation could invite a repeat of the 2008 financial crisis....

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