NU Online News Service, May 12, 12:49 p.m. EST

WASHINGTON – Deputy Treasury Secretary Neal Wolin says the staff of the new Federal Insurance Office has already begun work and served an "important consultative role" in advising on several issues related to the new Dodd-Frank financial services reform law.

Wolin testified during a Senate Banking Committee hearing on how regulators are working to implement provisions of Dodd-Frank that deal with monitoring of systemic risk.

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