Consolidated Regulation and Supervision in the United States

January 1, 2011

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Ashok Vir Bhatia. Consolidated Regulation and Supervision in the United States, (USA: International Monetary Fund, 2011) accessed September 19, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper builds on a Technical Note produced as part of the IMF’s 2010 Financial Sector Assessment Program (FSAP) review of the United States. It addresses enterprise-wide oversight of financial groups, a key tool to mitigate systemic risk. Focusing on legal arrangements, it recommends eliminating exceptions for holding companies owning certain limited-purpose banks, harmonizing arrangements for bank and thrift holding companies, and bringing into the net a few systemic nonbank financial groups, with the Federal Reserve as the sole consolidated regulator and supervisor.

Subject: Banking, Brokers and dealers, Commercial banks, Consolidated banking supervision, Financial institutions, Financial markets, Financial regulation and supervision, Securities

Keywords: Bank holding company, Brokers and dealers, Commercial banks, Company, Consoldated regulation, Consolidated banking supervision, Consolidated supervision, Derivative product company, Europe, Fed oversight, Fed umbrella supervision, Full-scope securities underwriting, Futures commission merchants, Global, Group structure, Holding company, Investment banking group, Net capital, Nonfinancial group, Savings and loan holding company, Securities, Securities broker-dealers, Securities broker-dealing, WP

Publication Details

Pages:

25
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2011/023
Stock No:

WPIEA2011023
ISBN:

9781455211920
ISSN:

1018-5941

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