| Description |
1 online resource (26 pages) |
| Series |
IMF working paper ; WP/11/23 |
|
IMF working paper ; WP/11/23.
|
| Contents |
Cover Page; Title Page; Copyright Page; Contents; Glossary; Preface; Executive Summary; 1. United States: Key Recommendations on Consolidated Oversight; I. Introduction and Context; II. Regulation, System Structure, and the Role of Conglomerates; 1. United States: Financial System Structure and the Role of Holding Companies, 1952-2010; III. U.S. Consolidated Regulatory and Supervisory Arrangements; IV. Outcomes, Reform Proposals, and Risks; V. Recommendations and Conclusion; 1. United States: Key Financial Stability Proposals and Outcomes; References; Footnotes |
| Summary |
This paper builds on a Technical Note produced as part of the IMFs 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 |
| Bibliography |
Includes bibliographical references |
| Subject |
Financial services industry -- State supervision -- United States
|
|
Financial services industry -- Law and legislation -- United States
|
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Financial services industry -- Law and legislation
|
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Financial services industry -- State supervision
|
|
United States
|
| Form |
Electronic book
|
| Author |
International Monetary Fund. Strategy, Policy, and Review Department, issuing body.
|
|
International Monetary Fund. Monetary and Capital Markets Department, issuing body.
|
| ISBN |
1283555220 |
|
9781283555227 |
|
9781455276066 |
|
1455276065 |
|
