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Inability to pass tougher rules is a national disgrace, Levitt says.
In cities across the country, groups of financial professionals meet regularly to discuss topics ranging from mobile payment to treasury metrics.
Insurers $5.7 bln purchase of Coventry will push debt to 40% of capital.
Products sold under a retailers brand but produced by outside companies will be exempt from disclosure.
Setting targets publicly could lead to debates with governments.