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How Safe Are Our Banks? Supervision and Regulation of the Financial System

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Abstract

Who are the regulators? For the United States, they include the following:

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Notes

  1. 1.

    The term prudential in this usage means special care and/or attention.

  2. 2.

    The US banking system is required to provide for this coverage under the Dodd-Frank bill. The BIS Committee is, in effect, suggesting that other countries do the same. The development of Basel III was concurrent with the debate on the Dodd-Frank bill in Congress in the summer of 2010. Thus, there was interaction between the two.

References

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  3. Board of Governors of the Federal Reserve System (2005) Purposes and functions of the Federal Reserve System, 9th edn. Board of Governors of the Federal Reserve System, Washington, DC, p 63

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  4. Bank for International Settlements, Basel Committee on Banking Supervision, Basel III (2010) International framework for liquidity risk measurement, Basel, Dec 2010

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  5. Bair S (2013) Bull by the Horns. The Free Press, New York, p 110

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Wallace, W.H. (2013). How Safe Are Our Banks? Supervision and Regulation of the Financial System. In: The American Monetary System. Springer, Cham. https://doi.org/10.1007/978-3-319-02907-8_6

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