 (Jun 4) While he didn't rule out designating individual asset managers for stricter oversight, Fed governor Daniel Tarullo said oversight of asset managers should focus on industry overall, underscoring regulators' shift away from singling out individual companies as systemically important. Any potential risks, such as customer runs on accounts, would be "better addressed with market-wide regulation, as was the case in money-market funds, rather than through the designation of entities," Tarullo said at a conference in New York.
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