WASHINGTON, June 17 (Reuters) - President Barack Obama willunveil on Wednesday his plans for reshaping U.S. financialregulation, with proposals to close one bank regulator andcreate new overseers for big-picture economic risk and consumerfinancial product safety.

In a package of reforms that takes on many tough jobs whileavoiding at least one, the administration will call for tighteroversight aimed at preventing a repeat of the severe bankingand capital markets crisis that has shaken economies around theworld.

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