NU Online News Service, Oct. 6, 3:16 p.m. EDT

WASHINGTON–Insurers and other non-bank financial companies are being asked for feedback regarding the extent of oversight authority the new Financial Stability Oversight Council (FSOC) should have.

The request was prompted by Sec. 113 of the new Dodd-Frank financial services law, which gives the FSOC the authority to subject non-bank financial companies like insurers to oversight if they pose a potential threat to the financial stability of the U.S.

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