New Landscape, New Challenges: Structural Change and Regulation in the U.S. Financial Sector
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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.
Series:
Working Paper No. 2007/195
Subject:
English
Publication Date:
August 1, 2007
ISBN/ISSN:
9781451867596/1018-5941
Stock No:
WPIEA2007195
Pages:
24
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