Download or read book Consolidation of Financial Regulation Pros Cons and Implications for the United States written by Sabrina R. Pellerin and published by DIANE Publishing. This book was released on 2010 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. financial system has changed significantly over the last several decades without structural changes to the decentralized financial regulatory system. Many countries have chosen to consolidate their regulators into a newly formed "single regulator" or have significantly reduced the number of existing regulators in order to form a regulatory structure that more closely mirrors the current financial system -- one that is dominated by large financial org. This paper reviews the advantages and disadvantages of regulatory consolidation, explores the effects of consolidation on regulators' incentives, and evaluates which entity is best suited for this role. Reviews the transitions to consolidated regulation that took place in the UK, Germany, Japan, and Australia. Tables.
Download or read book Federal Financial Services Regulatory Consolidation written by and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Among the arguments offered for consolidating the federal regulatory structure of the financial services industry is that the industry has changed in ways that blur the clear-cut boundaries between the functional areas of banking, insurance, securities, and commodities markets. It has also been argued that while the financial services firms are primarily responsible for effectively managing their risks, the new nature of those risks has created a need for the government to take a more comprehensive approach to financial regulation. Moreover, a consolidated financial services regulator at the national level is more suited to accommodate international regulatory negotiations on financial services regulations such as capital, accounting, and privacy standards. Over the years, a number of proposals to consolidate the federal regulatory structure of the financial services industry have been put forth. The United States, however, has yet to make any significant move to do so. A key reason is that the functional, competitive regulatory structure of the United States was, and continues to be, viewed by most policymakers and knowledgeable observers as being sound over time, despite a number of crises. The U.S. regulatory structure reflects historical evolution rather than deliberate design. The structure evolves as regulators address regulatory deficiencies on whatever level they may occur. For example, significant federal regulation of banks first occurred during the Civil War when states' management of their currencies failed dramatically. In another example, financial regulators addressed the savings and loan associations failures of the 1980s with riskbased capital requirements for all insured-depository institutions for the first time. And more recently, the Sarbanes-Oxley Act established accounting standards for publicly traded companies in response to the accounting frauds leading to the bankruptcy of several large publicly traded firms. The structure has often been able to successfully address such problems quickly before they disrupt the economy. To improve their ability to regulate the modern financial services sectors, many countries including the United Kingdom, Japan, and Germany have recently consolidated their financial services regulatory agencies. Financial Services Authority of the United Kingdom (FSA-UK), the Financial Services Agency of Japan (FSA- Japan), and the Federal Financial Supervisory Authority (BaFin) in Germany provide a point of comparison for the U.S. regulatory structure. These foreign regulatory structures are said to offer more effective methods of regulating modern financial services firms. Yet in Japan and the United Kingdom these redesigned structures have not prevented the institutions they supervise from developing serious financial difficulties. This report is a brief overview of the U.S. federal financial services regulatory structure. It briefly provides an historical analysis of the current U.S. functional and competitive regulatory structure. It assesses the difficulties in regulating institutions when the institutions are providing services outside the demarcated lines of business. It discusses some of the recent proposals to consolidate the U.S. regulatory agencies, and it assesses three consolidated financial services regulatory structures abroad. This report will be updated as developments warrant.
Download or read book Federal Financial Services Regulatory Consolidation written by Walter W. Eubanks and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regulatory Consolidation Proposals for Insured Depository Institutions written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1994 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Regulation written by United States. Government Accountability Office and published by . This book was released on 2004 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Regulator Perspectives on Financial Regulatory Reform Proposals written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2010 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Federal Financial Institutions Regulatory System written by United States. Congress. House. Committee on Banking and Financial Services and published by . This book was released on 1996 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Institutional Structure of Financial Regulation written by Robin Hui Huang and published by Routledge. This book was released on 2014-06-20 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: In light of on-going global financial crises, the institutional structure of financial regulation is currently a subject of significant academic and practical interest. The financial crisis has called into question the adequacy of financial regulation at the national and supranational levels, and has instigated financial regulatory reforms in major markets overseas. This has included the enactment of the Dodd-Frank Act in the US, and the programme to split the Financial Services Authority in the UK. This book examines the institutional structure reform of financial regulation from a comparative perspective, exploring both fundamental theories and international experiences. The book explores the three main institutional structures of financial regulation in the world; the sectors-based model, adopted in the US, Mainland China and Hong Kong; the twin-peaks model with Australia and the Netherlands as its pioneers; and the single-regulator model as represented by the former Financial Services Authority in the UK and the Financial Services Agency in Japan. The book contains contributions from renowned experts in the field of financial regulation including Douglas Arner, Jeffrey Carmichael, Robin Hui Huang, Dirk Schoenmaker, and Michael Taylor, and will be of interest to students and researchers of banking and finance law, and comparative economics.
Download or read book Financial Regulatory Reform and the 111th Congress written by Baird Webel and published by DIANE Publishing. This book was released on 2010-11 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contents: (1) Introduction: Comprehensive Financial Reform Proposals; The Panic of Sept. 2008; (2) Issues for Regulatory Reform: Systemic Risk: Policy Issues (PI); Legislation; Federal Reserve Emergency Authority and Congressional Oversight: PI; Legislation; Resolution Regime for Failing Firms: PI; Legislation; Securitization and Shadow Banking: PI; Legislation; Consolidation of Bank Supervision: PI; Legislation; Financial Consumer Protection: PI; Legislation; Derivatives: PI; Legislation; Credit Rating Agencies: PI; Legislation; Investor Protection: PI; Legislation; Hedge Funds: PI; Legislation; Exec. Compensation: PI; Legislation; Insurance: PI; Legislation.
Download or read book Financial Regulation written by Orice M. Williams and published by DIANE Publishing. This book was released on 2009 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. and other countries are in the midst of the worst financial crisis in more than 75 years. While much of the attention of policymakers has been focused on taking short-term steps to address the immediate nature of the crisis, these events have served to strikingly demonstrate that the current U.S. financial regulatory system is in need of significant reform. This report: (1) describes the origins of the current financial regulatory system; (2) describes various market developments and changes that have created challenges for the current system; and (3) presents an evaluation framework that can be used to shape potential regulatory reform efforts. An important and thorough review of the issues related to regulatory reform. Charts and tables.
Download or read book Consolidation of the Federal Financial Regulatory Agencies written by Robert S. Pasley and published by . This book was released on 1989 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Regulation Recent Crisis Reaffirms the Need to Overhaul the U S Regulatory System written by Richard J. Hillman and published by DIANE Publishing. This book was released on 2011 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a print on demand edition of a hard to find publication. In the midst of the worst economic crisis affecting financial markets globally in more than 75 years, fed. officials have taken unprecedented steps to stem the unraveling of the financial services sector. While these actions aimed to provide relief in the short term, the severity of the crisis has shown clearly that in the long term, the current U.S. financial regulatory system was in need of significant reform. This testimony discusses: (1) how regulation has evolved and the significant limitations and gaps in the existing regulatory system; (2) the experiences of countries with other types of varying regulatory structures during the financial crisis; and (3) how certain aspects of proposals would reform the U.S. regulatory system. Charts and tables.
Download or read book Banking Industry Regulatory Consolidation written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1994 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: Distributed to some depository libraries in microfiche.
Download or read book Blueprint for Reform written by United States. Task Group on Regulation of Financial Services and published by . This book was released on 1984 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Market Regulation written by Richard J. Hillman and published by DIANE Publishing. This book was released on 2007-08 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: As financial institutions increasingly operate globally & diversify their businesses, entities with an interest in financial stability cite the need for supervisors to oversee the safety & soundness of these institutions on a consolidated basis. The author reviewed the consolidated supervision programs at the Fed. Reserve System, Office of Thrift Supervision, & the SEC to: (1) describe policies & approaches that U.S. consolidated supervisors use to oversee large & small holding companies; (2) review the mgmt. of the consolidated supervision programs, including use of program objectives & performance measures; & (3) evaluate how well consolidated supervisors are collaborating with other supervisors & each other in their activities. Includes recommend. Charts.
Download or read book Financial market regulation agencies engaged in consolidated supervision can strengthen performance measurement and collaboration report written by and published by DIANE Publishing. This book was released on with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regulatory Restructuring written by United States. Congress. House. Committee on Financial Services. Subcommittee on Domestic Monetary Policy and Technology and published by . This book was released on 2009 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
