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Cuomo Seeking to Expand Grip to Fight Fraud

New York Times Original article ›

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New York Governor Cuomo proposes to merge the state's Insurance and Banking Departments, and the Consumer Protection Board, into a new Department of Financial Regulation. Cuomo says this is necessary to give New York a more efficient and modern regulatory framework. Governor Cuomo's aides say a single regulator is needed for effective regulation compared to the patchwork of agencies that has existed for so long. The new agency would also be empowered to oversee hedge funds.

New York Governor Cuomo and New York's Department of Financial Regulation

02/15/2011

The merger of existing regulatory agencies into a new Department of Financial Regulation to oversee financial institutions and markets in New York.

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Cuomo Reflects in Memoir on Highs and Lows, Both Personal and Political

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Cuomo Seeking to Expand Grip to Fight Fraud

New York Times 02/15/2011

Cuomo Pares Authority of Proposed Financial Regulator

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N.Y. Moves to Merge State's Bank, Insurance Regulators

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Wall Street's New Watcher

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