| Description |
1 online resource |
| Series |
Financial institutions and services |
|
Financial institutions and services.
|
| Contents |
MODERNIZING FINANCIAL REGULATION ; MODERNIZING FINANCIAL REGULATION ; CONTENTS ; PREFACE ; FEDERAL FINANCIAL SERVICES REGULATORY CONSOLIDATION: AN OVERVIEW ; SUMMARY ; INTRODUCTION ; THE MAJOR FINANCIAL SERVICES REGULATORS ; SAFETY AND SOUNDNESS REGULATIONS ; BACKGROUND ; U.S. FUNCTIONAL AND COMPETITIVE REGULATORY STRUCTURE ; Regulatory Competition in Banking ; Regulatory Competition in Insurance ; Regulatory Competition in Securities ; Regulatory Competition in Commodity Futures and Options ; THE PROBLEM OF REGULATING IN THE CURRENT ENVIRONMENT ; PROPOSED CONSOLIDATION SOLUTIONS |
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Banking Insurance ; Securities ; Consolidation in Other Countries ; Financial Services Authority of the United Kingdom ; The Financial Services Agency of Japan ; The Federal Financial Supervisory Authority (BaFin) ; U.S. REGULATORS ARE TRYING TO SPEAK WITH ONE VOICE ; SOME IMPLICATIONS ; End Notes ; FINANCIAL REGULATION: INDUSTRY TRENDS CONTINUE TO CHALLENGE THE FEDERAL REGULATORY STRUCTURE ; WHY GAO DID THIS STUDY ; WHAT GAO RECOMMENDS ; WHAT GAO FOUND ; ABBREVIATIONS ; RESULTS IN BRIEF ; BACKGROUND |
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MEASURING THE COSTS AND BENEFITS OF REGULATION HAS BEEN DIFFICULT, COMPLICATING EFFORTS TO REDUCE REGULATORY BURDEN Regulators and the Financial Services Industry Face Challenges Measuring Regulatory Costs and Benefits ; Concerns Exist that Regulation Could Hinder Market Efficiency; U.S. Regulators Have Reviewed Existing Regulations ; Forum Participants Shared Concerns Regarding Regulatory Burden ; We Have Recommended Improved Review of Regulations ; DEVELOPMENTS IN A DYNAMIC FINANCIAL INDUSTRY ENVIRONMENT POSE CHALLENGES TO THE FEDERAL FINANCIAL REGULATORY STRUCTURE |
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Aspects of the Current Regulatory Structure Have Contributed to a Strong Financial System but also Create Challenges Key Trends Have Changed the Financial Services Industry ; Recent Legislative Changes Have Affected the Financial Services Industry ; Recent Industry Changes Demonstrate the Challenges Confronting Financial Regulators ; Consolidated Supervision of Holding Companies ; ILC Holding Company Regulation ; Basel II Implementation ; OCC Preemption and Charter Choice ; SEC and CFTC Joint Jurisdiction over Certain Products |
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Regulators Have Often Collaborated to Respond to Regulatory Challenges but More Could be Done Accountability for Identifying and Responding to Risks that Span Financial Sectors Is Not Clearly Defined ; OPTIONS TO CHANGE THE FEDERAL FINANCIAL REGULATORY STRUCTURE ; Modernizing the Financial Regulatory System Remains a Challenge ; Some Lessons May Be Learned from the United Kingdom's FSA Model which Emphasizes a Principles-based Approach to Regulation ; Clear, Consistent Regulatory Goals Are Important Steps to Improve Regulatory Effectiveness |
| Bibliography |
Includes bibliographical references and index |
| Notes |
English |
|
Description based on print version record |
| Subject |
Financial services industry -- United States
|
|
Financial institutions -- Law and legislation -- United States
|
|
Banking law.
|
|
LAW -- Administrative Law & Regulatory Practice.
|
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Banking law
|
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Financial institutions -- Law and legislation
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Financial services industry
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|
United States
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| Form |
Electronic book
|
| Author |
Cowell, Lawrence P
|
| LC no. |
2020677079 |
| ISBN |
9781617280719 |
|
1617280712 |
|
