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Tuesday, November 03, 2009
Frank: Risky Institutions Will Be Publicly Named
By Ronald D. Orol
MarketWatch Pulse
WASHINGTON - The names of large systemically significant financial institutions will be made public once a newly set up council of regulators designates an institution within the category, said House Financial Services Committee Chairman Barney Frank, D-Mass, on Tuesday. "They will be made public," he said. It was unclear previously whether this provision would be made public or kept confidential. Frank has scheduled to have lawmakers vote on systemic risk legislation later this week.
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