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Treasury releases third report on regulatory overhaul

Joe Mont | October 31, 2017

The Treasury Department, on Oct. 26, released a report that examines the current regulatory framework for the asset management and insurance industries, making recommendations to ensure the regulatory framework is aligned with the Trump administration’s ‘Core principles for financial regulation.”

It is the third in a series of reports Treasury will prepare for the White House.

The latest evaluation focuses on four key areas: the proper evaluation of systemic risk, ensuring effective regulation and government processes, rationalizing international engagement, and promoting economic growth and informed choices.

“The regulatory framework for both the asset management and insurance industries can be significantly improved,” Treasury Secretary Steven Mnuchin said in a statement. “We are recommending more efficient and effective regulation to give consumers access to the products they need while providing individuals with opportunities to save for retirement.”

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