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    • Federal Financial Watchdog Aims to Expand Its Reach

    April 25, 2023 by Allison Bell

    The Financial Stability Oversight Council — the federal agency in charge of keeping the U.S. financial system upright — wants to change a 2019 document that limits how it tries to keep problems at life insurers, money market funds, cryptocurrency firms and other nonbank financial companies from destroying the economy.

    FSOC announced Friday that it’s proposing a new version of the document that would free it from the 2019 restrictions.

    Click HERE to read the full story via ThinkAdvisor

    Originally Posted at ThinkAdvisor on April 24, 2023 by Allison Bell.

    Categories: Industry Articles
    currency