Financial Regulatory Reform: Systemic Risk and the Federal Reserve

Labonte, Marc

Library of Congress. Congressional Research Service.

关键词: Government regulation;    Regulatory reform;    Economic policy;    Finance;    Federal reserve system;   

RP-ID  :  R40877
RP-ID  :  R40877_2010May26

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report defines the potential duties and responsibilities of a systemic risk regulator, relating those duties to events that potentially contributed to the recent crisis. It then identifies the powers that would need to be given to a regulator to perform those duties, and compares those powers and responsibilities to the Fed's existing powers and responsibilities. It discusses advantages and disadvantages of giving those responsibilities to the Fed or the executive branch. It also includes a brief overview of major elements of the Administration's proposal, H.R. 4173, which passed the House on December 11, 2009, and S. 3217, which passed the Senate on May 20, 2010,2 that involve the Fed.