Sunday, December 12, 2010

U.S. financial regulatory reform plan will be published.

<P> According to reports, the U.S. government plans to announce on December 17 financial regulatory reform plan. .The brewing for a long time the plan will serve as a framework for legislators to banks, hedge funds, derivatives and other financial firms and securities regulators for information on how. .It is worth noting that this plan will probably not include the merged bank regulatory responsibility to the previous market rumors of a single "super bank regulator" in the. .3, former Federal Reserve Chairman Alan Greenspan has been enthusiastically participated in this debate and trigger a multi-party raised an objection to the regulatory intent. .Comptroller of the Currency Board the power to expand, according to reports, the U.S. Treasury secretary program 18 in the House of Representatives Financial Services Committee on proposals related to the scheme testimony. .However, the present situation, this reform program, the U.S. financial regulatory structure has not been determined specifically. .U.S. financial regulatory reform program, a major difficulty is how to include the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), Office of Thrift Supervision and the Comptroller of the Currency Board (OCC), including several major U.S. financial regulators to rationalize. .Currently, most likely not previously touted plans to establish a single "super bank regulator," or "systemic risk regulator," but combined Thrift Supervision Bureau and the supervision of the United States many large banks Comptroller of the Currency Board. .Among them, the Comptroller of the Currency will act as the role of bank-site inspectors, and its regulated banks will be more extensive range; and the Fed and the FDIC will not be responsible for due diligence. .In addition, the Federal Reserve and the FDIC as a system of risk oversight in the respective institutions and deposit insurance when the manager, will depend on the information provided by Comptroller of the Currency Board. .At the same time, the Fed may also spin off some of the consumer protection responsibilities, the responsibility will be transferred to the supervision of credit cards, mortgages and insurance-related products, new institutions and other financial products. .However, the Fed as a systemic risk watchdog, may still be made to the broker dealers, hedge funds, private equity firms and custody of derivatives. .Earlier, the president submitted on May 25 the power of Congress to adjust the financial regulatory agencies in the draft, the Fed has been proposed to take over the United States Securities and Exchange Commission (SEC), part of the power. .</ P> <P>.

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