Consolidated Regulation and Supervision in the United States

Author/Editor: Bhatia, Ashok Vir
Publication Date: January 01, 2011
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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.
Series: Working Paper No. 11/23
Subject(s): Bank regulations | Bank supervision | Banking sector | Financial systems | Nonbank financial sector | United States

Author's Keyword(s): Bank holding company | consoldated regulation | consolidated supervision | investment banking group | savings and loan holding company
Publication Date: January 01, 2011
Format: Paper
Stock No: WPIEA2011023 Pages: 25
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