Chap017 - Chapter 17 Regulation of the Financial...

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Chapter 17 - Regulation of the Financial Institutions’ Sector Chapter 17 Regulation of the Financial Institutions’ Sector Learning Objectives You will explore the reasons why financial institutions represent one of the most regulated sectors in the modern world. You will discover the many types of regulation (government rule-making) affecting the behavior and performance of financial institutions. You will understand how regulation has influenced and shaped the structure of financial-service industries. Key Topics Outline Why Financial Institutions Are Regulated Do Regulations Help or Harm Financial Institutions? The Structure of Banking Regulation in the United States Changing the Rules on Interstate Banking and Investment Banking: The Riegle- Neal and Gramm-Leach-Billey Acts Basel I and II: Controlling Bank Capital Market Discipline as a Regulator of Financial Institutions Regulating Thrift Institutions: Federal and State Agencies Insurance and Pension Fund Regulation The Regulation of Finance Companies and other Financial Firms Trends in the Regulation of Financial-Service Firms Chapter Outline 17.1. Introduction to Financial Institutions’ Regulation 17.2. The Reasons behind the Regulation of Financial Institutions 17.2.1. Does Regulation Benefit or Harm Financial Institutions? 17.3. The Regulation of Commercial Banks 17.3.1. The Federal Reserve System (The Fed) 17.3.2. Office of the Comptroller of the Currency (The OCC) 17.3.3. Federal Deposit Insurance Corporation (FDIC) 17.3.4. State Banking Commissions 17.3.5. Opening Competition across Political Boundaries 17.3.6. Regulation of the Services Banks Can Offer 17.3.7. The Gramm-Leach-Billey (GLB) Act 17-1
Chapter 17 - Regulation of the Financial Institutions’ Sector 17.3.8. The Rise of Disclosure Laws in Banking 17.3.9. The Growing Importance of Capital Regulation in Banking 17.3.10. The Unfinished Agenda for Banking Regulation 17.4. The Regulation of Thrift Institutions 17.4.1. Credit Unions 17.4.2. Savings and Loans 17.4.3. Savings Banks 17.4.4. Money Market Funds 17.5. The Regulation of Insurance Companies 17.6. The Regulation of Pension Funds 17.7. The Regulation of Finance Companies 17.8. The Regulation of Investment Companies (Mutual Funds) 17.9. An Overview of Trends in the Regulation of Financial Institutions Key Terms Appearing in This Chapter regulation, 523 deregulation, 525 Federal Reserve System, 527 Comptroller of the Currency, 527 Federal Deposit Insurance Corporation (FDIC), 529 state banking commissions, 530 Glass-Steagall Act, 533 Financial Services Modernization (Gramm-Leach-Billey) Act, 534 financial holding companies (FHCs), 534 Basel I Agreement, 537 Basel II Agreement, 538 National Credit Union Administration (NCUA), 541 Depository Institutions Deregulation and Monetary Control Act (DIDMCA), 541 Officer of Thrift Supervision (OTS), 542 Garn-St Germain Depository Institutions Act, 542 Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA), 542 FDIC Improvement Act (FDICIA), 543 Securities and Exchange Commission (SEC), 549 Financial Services Regulatory Relief Act (FSRRA), 542 17-2

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