While legislation to consolidate the four banking agencies is "resting with four feet in the air," industry consultant Karen Shaw said a reincarnation could meld the Office of the Comptroller of the Currency, the Office of Thrift Supervisory aspects of the Federal Deposit Insurance Corp.

Ms. Shaw, president of the Institute for Strategy Development, gave an update of doings on Capitol Hill to the 500 bankers gathered here this week for the American Bankers Association's compliance conference.

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