WASHINGTON-Democratic leaders of the House Financial Services Committee are exploring creating a federal regulator or modifying a multi-state compact to increase oversight and provide more uniform standards for insurers of municipal bonds and other financial products.

Rep. Paul E. Kanjorski, (D-Pa.), chairman of the committee's capital markets panel, talked about the regulatory options the committee is exploring in an exclusive interview with The Bond Buyer. The options include drafting legislation to allow for the creation of a federal regulator for insurers, or providing them with the option of complying with a federal charter. The insurers are currently chartered by the states and follow state regulations.

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