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The Boston Globe

Business

Fed expands monitoring for financial vulnerabilities

WASHINGTON — The Federal Reserve has broadened its oversight beyond banks and now monitors a wide range of financial institutions that could hasten another financial crisis, chairman Ben Bernanke said Friday.

Bernanke said the Fed is still monitoring banks and other systematically important financial institutions. But it has widened its scope to include other important participants that could either trigger a crisis or make the system more vulnerable.

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