US regulators propose tougher oversight of non-bank financial firms.

US regulators have proposed new rules to strengthen financial oversight of non-banks, including hedge funds and insurance companies, in an effort to prevent another financial crisis. The rules would require non-banks to hold more capital and undergo regular stress tests. The proposal is part of a broader effort to leverage the lessons learned from the 2008 financial crisis and ensure that non-banks are subject to the same level of scrutiny as banks.