A plan by federal banking and securities regulators to cooperate on examinations of bank-managed mutual funds is winning approving nods from bankers - but no wild cheers yet.

Bankers are hopeful that the new approach will cut the costs and burdens of multiple exams. But they say much will depend on how the regulators - the Office of the Comptroller of the Currency and the Securities and Exchange Commission - translate their plan from paper to practice.

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