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Title: Who Regulates Whom
Sub-title: U.S. Finanial Oversight
Edited by: Milton H Lazarus
ISBN10-13: 160876981X : 9781608769810
Illustrations: graphs, charts
Format: Hardback
Size: 180x260mm
Pages: 276
Weight: .714 Kg.
Published: Nova Science Publishers, Inc (US) - June   2011
List Price: 292.99 Pounds Sterling
Availability: Temporarily Out of Stock, more expected soon 
Subjects: Financial services industry : USA
Federal financial regulation in the United States has evolved through a series of piecemeal responses to developments and crises in financial markets. This book provides an overview of current U.S. financial regulation: which agencies are responsible for which institutions and markets, and what kinds of authority they have. Banking regulation is largely based on a quid pro quo that was adopted in response to widespread bank failures. Federal securities regulation is based on the principle of disclosure, rather than direct regulation. Derivatives trading is supervised by the Commodity Futures Trading Commission (CFTC), which oversees trading on the futures exchanges, which have self-regulatory responsibilities as well. There is also a large over-the-counter (off-exchange) derivatives market that is largely unregulated. The Federal Housing Finance Agency (FHFA) oversees a group of government-sponsored enterprises (GSEs) -- public/private hybrid firms that seek both to earn profits and to further the policy objectives set out in their statutory charters. No federal agency has jurisdiction over trading in foreign exchange or U.S. Treasury securities; non-bank lenders fall outside the regulatory umbrella; and hedge funds, private equity firms, and venture capital investors are largely unregulated (although their transactions in securities and derivatives markets may be).
Table of Contents:
Preface; Credit Rating Agencies & Their Regulation; Financial Regulatory Reform: Analysis of the Consumer Financial Protection Agency (CFPA) as Proposed by the Obama Administration & H.R. 3126; Financial Regulatory Reform A New Foundation: Rebuilding Financial Supervision & Regulation; Hedge Funds: Overview of Regulatory Oversight, Counterparty Risks & Investment Challenges 5. Hedge Funds: Should They Be Regulated? (Mark Jickling, Specialist in Financial Economics, (CRS)); Macroprudential Oversight: Monitoring the Financial System; Financial Market Regulation: Financial Crisis Highlights Need to Improve Oversight of Leverage at Financial Institutions & across System; Who Regulates Whom? An Overview of U.S. Financial Supervision; Index.
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