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Mnuchin moves to relax nonbank supervision

Tuesday, May 14, 2019   (0 Comments)
Posted by: Amanda Averch
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US Treasury Secretary Steven Mnuchin has backed a regulatory plan to make it more difficult for the Financial Stability Oversight Council, which he chairs, to designate a nonbank as systemically important. Two former treasury secretaries have criticized the plan as "substantial weakening" of post-crisis changes.

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