Officials suggest U.S. regulatory overhaul might need to be changed

08/10/2010 | Wall Street Journal, The

Implementation of the massive overhaul of financial regulation in the U.S. is already facing challenges, as some officials suggested that changes might be necessary. Meeting at the Federal Deposit Insurance Corp., regulators voiced concern about a provision in the Dodd-Frank act that bans the use of private credit ratings by government agencies. The change has held up a proposal that would revise capital standards for banks.

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Wall Street Journal, The

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