(Bloomberg) -- President Barack Obama huddled Monday with top financial regulators to push for still tougher oversight of Wall Street to head off another financial crisis.

The president met with the group, which included Fed Chairwoman Janet Yellen and SEC Chairwoman Mary Jo White, to discuss implementing stronger protections for consumers and scrutinizing financial industry practices that predated the 2008 crisis. Among those practices are what he called the “shadow banking system” and executive compensation structures that create incentive for risk.

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