US SEC chief favors systemic risk council

A council of regulators to oversee threats to the financial system is a better approach than designating one entity to do this, the chairman of the Securities and Exchange Commission said on Friday.

"I am concerned about excessive concentration of power in a single entity," SEC Chairman Mary Schapiro said at an Investment Company Institute conference.

"Concentration of power leads to a concentration of point of view," she said...

Reuters: US SEC chief favors systemic risk council
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