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Regulators could finally introduce conflicts ban on financial-crisis linked products
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fnlondon.comRegulators proposed banning a Wall Street practice that lawmakers said was partly to blame for the 2008 financial meltdown.
The Securities and Exchange Commission voted 5-0 on 25 January to re-propose a long-delayed rule that would prohibit conflicts of interest by entities that create asset-backed securities such as mortgage bonds. The proposal will now be open for public comment until the commission considers whether to finalize the rule.
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