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Regulator taking more action after post- "flash crash" safeguards prove non-sufficient.
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 exempt derivatives end-users from strict oversight.
Regulators say firms with more than $8 bln in annual business face additional oversight.
Big Four executives say term limits would hurt audit quality.