1. Once Feared on Wall Street, Dodd-Frank’s Watchdog Is in Retreat

    Once Feared on Wall Street, Dodd-Frank’s Watchdog Is in Retreat

    (Bloomberg) -- A key response to the 2008 financial crisis was setting up a super-group of regulators to protect the economy from another disastrous crash. But in the Trump era, flagging new dangers has taken a backseat to cutting constraints on business. The latest blow came Wednesday when the Financial Stability Oversight Council said it no long considered Prudential Financial Inc. so big and complex that the insurer’s failure could trigger a panic...

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    1. They made it clear that they didn't want to designate anyone.
    2. Treasury Secretary Steven Mnuchin, who leads the panel, said in a Wednesday statement that the Prudential decision shows
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