Sen. Dodd will propose that Fed continues to oversee largest banks

03/7/2010 | Financial Times (tiered subscription model)

Sen. Christopher Dodd, chairman of the Senate banking committee, is poised to propose that the Federal Reserve oversee banks with more than $100 billion in assets, a group that includes more than 20 institutions. Dodd had proposed shifting supervision of all banks to a single regulator but has since changed directions, sources said. Hundreds of state-chartered banks also want to remain under the purview of the central bank, but policymakers have yet to decide on their oversight.

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