As yet another report Thursday called for fewer regulators, states said they were digging in to keep their authority over financial institutions.

The Government Accountability Office released a 107-page report urging policymakers to reform outdated regulation. Among other things, the report recommended a review of state regulation as part of an effort to come up with a leaner regulatory model.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.