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The complexity of bank regulation: audit requirements in the USA

  • Drew DahlEmail author
  • Larry Sherrer
Original Article

Abstract

We use requirements governing external audits in the US banking industry as a case study to illustrate the complexity of regulatory structure. Complexity reflects a flexibility that has been used to “tailor” regulations for particular categories of banks. But it appears to conflict with recent proposals to “rationalize” a system that is said to lack coherence.

Keywords

Bank regulatory structure Regulatory reform Bank auditing FDICIA 

Notes

Acknowledgements

The views expressed are those of the individual authors and do not reflect official positions of the Federal Reserve Bank of St. Louis, the Federal Reserve System, or the Board of Governors.

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Copyright information

© Springer Nature Limited 2018

Authors and Affiliations

  1. 1.Division of Bank SupervisionFederal Reserve Bank of St. LouisSt. LouisUSA

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