The Office of Thrift Supervision on Monday announced a new round of regulatory relief proposals, focusing on rules covering thrift subsidiaries, conflicts of interest, and corporate governance.

The agency is building on an effort launched a year ago as part of the federal government's campaign to "reinvent" itself. When it concludes work on the proposals made Monday, the OTS will have revamped 70% of its regulations, according to John Downey, executive director for supervision.

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