NU Online News Service, Feb. 10, 9:01 a.m. EST

WASHINGTON—Trade groups representing the life, property and casualty, and reinsurance industries are asking the Treasury Department to defer indefinitely federal oversight of institutions deemed systemically risky.

Before institutions are classified as posing a systemic risk to the financial system under the Dodd-Frank Act, the trade groups said in a letter to Treasury, a whole host of issues must be clarified to their satisfaction.

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