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The Financial Stability Oversight Council is led Treasury Secretary Jacob J. Lew. Photo: AP

Nov. 6 (Bloomberg) — A panel of regulators is taking a first step to focus on risky practices of the asset management industry rather than singling out firms such as BlackRock Inc. and Fidelity Investments for stricter oversight.

The Financial Stability Oversight Council is planning to solicit views from the industry and the public on which asset management activities could threaten the financial system, according to two people with knowledge of the matter.

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