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Obama names SEC Commissioner Elisse Walter to replace Schapiro as chairman.
Emails from former SEC commissioner Annette Nazareth show how ex-staffers wield influence.
Gallagher and Paredes critize chairman's handling of discussions on money-fund rules.
Giving foreign branches leeway on Dodd-Frank rules would send finance jobs overseas, he says.
U.S. banks almost $60 bln short of proposed capital buffers, Fed estimates.
Regulators say firms with more than $8 bln in annual business face additional oversight.