In light of on-going global financial crises, the institutional structure of financial regulation is currently a subject of significant academic and practical interest. The financial crisis has called into question the adequacy of financial regulation at the national and supranational levels, and has instigated financial regulatory reforms in major markets overseas. This has included the enactment of the Dodd-Frank Act in the US, and the programme to split the Financial Services Authority in the UK. This book examines the institutional structure reform of financial regulation from a comparative perspective, exploring both fundamental theories and international experiences. The book explores the three main institutional structures of financial regulation in the world; the sectors-based model, adopted in the US, Mainland China and Hong Kong; the twin-peaks model with Australia and the Netherlands as its pioneers; and the single-regulator model as represented by the former Financial Services Authority in the UK and the Financial Services Agency in Japan. The book contains contributions from renowned experts in the field of financial regulation including Douglas Arner, Jeffrey Carmichael, Robin Hui Huang, Dirk Schoenmaker, and Michael Taylor, and will be of interest to students and researchers of banking and finance law, and comparative economics.
How to Manage Competing and Overlapping Regulatory Oversight
Author: H. David Kotz
Publisher: John Wiley & Sons
Category: Business & Economics
Devise an organized, proactive approach to financialcompliance Financial Regulation and Compliance provides detailed,step-by-step guidance for the compliance professional seeking tomanage overlapping and new regulatory responsibilities. Written byDavid Kotz, former Inspector General of the SEC with additionalguidance provided by leading experts, this book is a one-stopresource for navigating the numerous regulations that have beenenacted in response to the financial crisis. You'll learn how bestto defend your organization from SEC, CFTC, FINRA, and NFAEnforcement actions, how to prepare for SEC, FINRA, and NFAregulatory examinations, how to manage the increasing volume ofwhistleblower complaints, how to efficiently and effectivelyinvestigate these complaints, and more. Detailed discussion of theregulatory process explains how aggressive you should be inconfronting federal agencies and self-regulatory organizations anddescribes how commenting on issues that affect your business areacan be productive or not. The companion website includes a glossaryof terms, regulations and government guidance, relevant case law,research databases, and FAQs about various topics, giving you acomplete solution for keeping abreast of evolving complianceissues. These days, compliance professionals are faced with a myriad ofoften overlapping regulatory challenges. Increased aggressivenesson the part of regulators has led to increased demand on financialfirms, but this book provides clear insight into navigating thechanges and building a more robust compliance function. Strengthen internal compliance and governance programs Manage whistleblower programs and conduct effectiveinvestigations Understand how to minimize exposure and liability fromEnforcement actions Learn how to prepare for the different types of regulatoryexaminations Minimize exposure from FCPA violations Understand the pros and cons of commenting on regulations The volume and pace of regulatory change is causing new anddiverse pressures on compliance professionals. Navigate the choppywaters successfully with the insider guidance in FinancialRegulation and Compliance.
Documentation Problems Reveal Need for Ongoing Regulatory Oversight
Author: A. Nicole Clowers
Publisher: DIANE Publishing
Mortgage servicers -- entities that manage home mortgage loans -- halted foreclosures throughout the country in September 2010, finding that documents required to be provided to courts in some states may have been improperly signed or notarized. In addition, academics and court cases are raising questions over whether foreclosures are being brought properly because of concerns over how loans were transferred into mortgage-backed securities. This report examined: (1) the extent to which federal laws address mortgage servicers' foreclosure procedures and federal agencies' past oversight; (2) federal agencies' current oversight and future oversight plans; and (3) the potential impact of these issues on involved parties. Illus. A print on demand report.
Board of Governors of the Federal Reserve System (U.S.)
A Progress Report by the Regulators at the Half-year Mark : Hearing Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Twelfth Congress, First Session ... February 17, 2011
Category: Financial institutions
United States. Congress. House. Committee on Appropriations. Subcommittee on Agriculture, Rural Development, Food and Drug Administration, and Related Agencies