NU Online News Service, April 29, 2:00 p.m. EDT
WASHINGTON–Eight industry trade groups supporting an optional federal insurance charter told key members of Congress in a letter yesterday that financial services regulatory reform should include a dedicated federal insurance regulator.
The letter asks that its proposal for a federal insurance regulator be considered by the appropriate congressional committees as it deals with legislation creating a systemic regulator with authority to oversee all financial services firms, not just banks.
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