Abstract
US banking regulation addresses privacy, disclosure, fraud prevention, anti-money laundering, anti-terrorism, anti-usury lending, and the promotion of lending to lower-income populations. The five elements of banking regulation include: (i) safety and soundness; (ii) capital requirements; (iii) asset management; (iv) consumer protection compliance; and (v) community reinvestment.
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Notes
- 1.
Edward V. Murphy (2015): Who Regulates Whom and How? An Overview of US Financial Regulatory Policy for Banking and Securities Markets, Congressional Research Service, p. 16.
- 2.
Edward V. Murphy (2015): Who Regulates Whom and How? An Overview of US Financial Regulatory Policy for Banking and Securities Markets, Congressional Research Service, p. 17.
- 3.
- 4.
For example, a bank’s management will assign one person to make loans and another person to collect loan payments.
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Federal Reserve Bank of St. Louis: Making Sense of the Federal Reserve—Safety and Soundness.
- 6.
Edward V. Murphy (2015): Who Regulates Whom and How? An Overview of US Financial Regulatory Policy for Banking and Securities Markets, Congressional Research Service, p. 18.
- 7.
Edward V. Murphy (2015): Who Regulates Whom and How? An Overview of US Financial Regulatory Policy for Banking and Securities Markets, Congressional Research Service, p. 19.
- 8.
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Lessambo, F.I. (2020). Banking Regulation Principles. In: The U.S. Banking System. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-34792-5_12
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DOI: https://doi.org/10.1007/978-3-030-34792-5_12
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Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-34791-8
Online ISBN: 978-3-030-34792-5
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