Brown presses regulators on plans for ‘shadow banks’

Published May 23, 2016 8:42pm ET



Sen. Sherrod Brown is pressing federal regulators to outline potential obstacles to their efforts to oversee so-called “shadow banks.”

The top Democrat on the Banking Committee on Monday asked the super-group of financial regulators to describe which congressional or court developments could threaten their ability to identify and regulate non-bank financial firms that could threaten the economy if they failed.

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