WASHINGTON - All banks should pick up the tab for their federal regulatory exams and supervision, the Shadow Financial Regulatory Committee recommended this week.

In a statement issued Monday, the independent group, which analyzes and critiques regulatory policy, said its proposal stems from its concern that expanded banking activities allowed under the Gramm-Leach-Bliley Act of 1999 may increase both risk and the cost of monitoring. "This cost should be borne by banks and bank holding companies, not taxpayers."

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