NU Online News Service, Nov. 17, 3:55 p.m.EST

WASHINGTON–Treasury deputy secretary Neal Wolin toldLondon stockbrokers today that the Obama administration believesthe new financial services reform law gives it the power to monitorthe insurance sector and coordinate and develop federal policy onmajor domestic and international insurance issues.

Mr. Wolin's comments were made in a speech to the London StockExchange.

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