WASHINGTON — As regulators around the world look to prevent the next financial crisis, Kansas City Federal Reserve Bank President Esther George Friday said they should strengthen macroprudential oversight, while increasing simplicity and cooperation.

"Lapses in our supervisory framework contributed to the tremendous and devastating costs to the global economy and demand that we look for new ways to oversee a complex financial system," George said in remarks prepared for delivery at a Bank of France conference in Paris.

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