New Landscape, New Challenges; Structural Change and Regulation in the U.S. Financial Sector
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 â€œcoreâ€ from a lightly regulated, more specialized, and rapidly expanding â€œperipheryâ€ 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 â€œ30,000 foot levelâ€ and concludes by tabling and discussing one, specific, reform idea.
|Date of creation:||01 Aug 2007|
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- John A. Weinberg, 1995. "Cycles in lending standards?," Economic Quarterly, Federal Reserve Bank of Richmond, issue Sum, pages 1-18.
- Charles Goodhart, 2000. "The Organisational Structure of Banking Supervision," FMG Special Papers sp127, Financial Markets Group.
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