BY DEBORAH SOLOMON
WASHINGTON -- Policy makers intent on quickly revamping the U.S. financial-regulatory system say they are discussing expanding the Federal Reserve's authority and extending oversight to currently unregulated products such as derivatives.
The moves could bring more scrutiny of lightly regulated hedge funds and private-equity firms that deal extensively in such complex financial instruments.
President Barack Obama will meet with bipartisan congressional leaders later this week to discuss a "significant reregulation that ...
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