Consolidated Regulation and Supervision in the United States

Author/Editor:

Ashok Vir Bhatia

Publication Date:

January 1, 2011

Electronic Access:

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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. 2011/023

Subject:

Banking Brokers and dealers Commercial banks Consolidated banking supervision Financial institutions Financial markets Financial regulation and supervision Securities

English

Publication Date:

January 1, 2011

ISBN/ISSN:

9781455211920/1018-5941

Stock No:

WPIEA2011023

Pages:

25

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