FSB finds U.S. regulatory shortcomings

09/4/2013 | Thomson Reuters

A review of U.S. regulation by the Financial Stability Board has found issues related to systemic risk, insurers and financial infrastructure. The FSB calls on the Financial Stability Oversight Council to become a "systematic, analytical and transparent macroprudential framework" that improves coordination among regulators. The FSB also recommends insurance regulation at the federal level, rather than state, to eliminate gaps.

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