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Consolidated Regulation and Supervision in the United States
Author:
Mr. Ashok Vir Bhatia null

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Series:
IMF Working Papers
Volume/Issue:
Volume 2011: Issue 023
Language:
English
Publication Date:
01 Jan 2011
DOI:
https://doi.org/10.5089/9781455211920.001
ISBN:
9781455211920
ISSN:
1018-5941
Pages:
25
Keywords:
WP; company; holding company; derivative product company; net capital; Fed umbrella supervision; Bank holding company; consoldated regulation; consolidated supervision; investment banking group; savings and loan holding company; securities broker-dealers; Fed oversight; securities broker-dealing; full-scope securities underwriting; futures commission merchants; group structure; nonfinancial group; Securities; Commercial banks; Consolidated banking supervision; Brokers and dealers; Europe; Global
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund