NU Online News Service, May 14, 3:20 p.m. EDT
WASHINGTON–State financial services regulators said they support having one of their members serving as a non-voting member of the Systemic Risk Council that would be created under financial service reform legislation.
In a letter sent to all members of the Senate, Jane L. Cline, president of the National Association of Insurance Commissioners and West Virginia Insurance Commissioner, said the System Risk Council "would benefit tremendously from the shared insights and knowledge of regulators who work vigorously each day to maintain an effective financial structure."
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