New Landscape, New Challenges: Structural Change and Regulation in the U.S. Financial Sector

August 1, 2007

Preview Citation

Format: Chicago

Ashok Vir Bhatia. New Landscape, New Challenges: Structural Change and Regulation in the U.S. Financial Sector, (USA: International Monetary Fund, 2007) accessed September 20, 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

Given the rapid evolution of the U.S. financial sector and attendant regulatory challenges, this paper explores ways to fine-tune U.S. oversight arrangements. It surveys the financial landscape, separating a highly regulated, multi-business, and (in terms of relative asset holdings) shrinking “core” from a lightly regulated, more specialized, and rapidly expanding “periphery” explains the U.S. regulatory philosophy and structure, with its focus on core institutions and its jurisdictional complexity; highlights certain new challenges, without presuming to have all the solutions; draws out some broad policy implications, from the “30,000 foot level” and concludes by tabling and discussing one, specific, reform idea.

Subject: Banking, CDOs, Commercial banks, Investment banking, Loans

Keywords: Collateralized debt obligation, Financial institution, Hedge fund, Holding company, Market, WP

Publication Details

Pages:

24
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2007/195
Stock No:

WPIEA2007195
ISBN:

9781451867596
ISSN:

1018-5941

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