United States: Publication of Financial Sector Assessment Program Documentation: Technical Note on Consolidated Regulation and Supervision
IMF Staff Country Reports, July 30, 2010
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- United States: Publication of Financial Sector Assessment Program Documentation: Technical Note on Consolidated Regulation and Supervision
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Bibliographic details
- Published: July 30, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455206780.002
Summary Findings
- The note reviews outgoing U.S. consolidated regulatory and supervisory arrangements and explores options to strengthen them.
- Consolidated regulation and supervision in the United States span from the smallest financial groups to the largest and most complex, with much effort focused on the latter.
- The note addresses the basic statutory arrangements for consolidated regulation and supervision, as distinct from the actual exercise.
- It is stressed that, of all the U.S. regulatory bodies, it is the Federal Reserve that is best placed to bear the consolidated supervisory mandate.
Scope and Subjects Covered
- Subject: Banking, Commercial banks, Consolidated banking supervision, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Nonbank financial institutions, Systemic risk
- Keywords: Commercial banks, company, Consolidated banking supervision, CR, Europe, Fed oversight, Fed umbrella supervision, Global, group structure, holding company, holding company level, investment bank, ISCR, net capital, Nonbank financial institutions, nonfinancial group, Systemic risk
Key Recommendation
- Central conclusion: the Federal Reserve is best placed among U.S. regulatory bodies to bear the consolidated supervisory mandate.