OCC's Hsu Floats Plan for Government to Keep Closer Tabs on PE Firms and Hedge Funds
Also, Bernie Sanders questions BlackRock's infrastructure deal; Fed's Bowman looking for Basel compromise
Acting Comptroller of the Currency Michael Hsu continued his streak of stirring the regulatory pot today – this time floating a novel approach for identifying private equity firms, hedge funds and other non-banks that could threaten the financial system. Just like his recent comments on mergers and beefing up rules to prevent bank runs, the OCC chief’s …