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U.S. regulators seeking data on banks' attempts to slim down
Reuters: U.S. regulators are encouraging mega-banks to simplify their operations and they plan to compile data to track the financial firms' progress, an official with the U.S. Office of the Comptroller of the Currency (OCC) said on Monday.
Charles Taylor, a top OCC official who focuses on capital and regulations, said the majority of the complex banks his agency oversees are implementing "simplification" projects.
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