Authority to Require Supervision and Regulation of Certain Nonbank Financial Companies (Us Financial Stability Oversight Council Regulation) (Fsoc) (2018 Edition) PDF Download
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Author: The Law The Law Library
Publisher: Createspace Independent Publishing Platform
ISBN: 9781729565193
Category :
Languages : en
Pages : 62
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Book Description
Authority to Require Supervision and Regulation of Certain Nonbank Financial Companies (US Financial Stability Oversight Council Regulation) (FSOC) (2018 Edition) The Law Library presents the complete text of the Authority to Require Supervision and Regulation of Certain Nonbank Financial Companies (US Financial Stability Oversight Council Regulation) (FSOC) (2018 Edition). Updated as of May 29, 2018 Section 113 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") authorizes the Financial Stability Oversight Council (the "Council") to determine that a nonbank financial company shall be supervised by the Board of Governors of the Federal Reserve System (the "Board of Governors") and shall be subject to prudential standards, in accordance with Title I of the Dodd-Frank Act, if the Council determines that material financial distress at the nonbank financial company, or the nature, scope, size, scale, concentration, interconnectedness, or mix of the activities of the nonbank financial company, could pose a threat to the financial stability of the United States. This final rule and the interpretive guidance attached as an appendix thereto describe the manner in which the Council intends to apply the statutory standards and considerations, and the processes and procedures that the Council intends to follow, in making determinations under section 113 of the Dodd-Frank Act. This book contains: - The complete text of the Authority to Require Supervision and Regulation of Certain Nonbank Financial Companies (US Financial Stability Oversight Council Regulation) (FSOC) (2018 Edition) - A table of contents with the page number of each section
Author: The Law The Law Library
Publisher: Createspace Independent Publishing Platform
ISBN: 9781729565193
Category :
Languages : en
Pages : 62
Get Book Here
Book Description
Authority to Require Supervision and Regulation of Certain Nonbank Financial Companies (US Financial Stability Oversight Council Regulation) (FSOC) (2018 Edition) The Law Library presents the complete text of the Authority to Require Supervision and Regulation of Certain Nonbank Financial Companies (US Financial Stability Oversight Council Regulation) (FSOC) (2018 Edition). Updated as of May 29, 2018 Section 113 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") authorizes the Financial Stability Oversight Council (the "Council") to determine that a nonbank financial company shall be supervised by the Board of Governors of the Federal Reserve System (the "Board of Governors") and shall be subject to prudential standards, in accordance with Title I of the Dodd-Frank Act, if the Council determines that material financial distress at the nonbank financial company, or the nature, scope, size, scale, concentration, interconnectedness, or mix of the activities of the nonbank financial company, could pose a threat to the financial stability of the United States. This final rule and the interpretive guidance attached as an appendix thereto describe the manner in which the Council intends to apply the statutory standards and considerations, and the processes and procedures that the Council intends to follow, in making determinations under section 113 of the Dodd-Frank Act. This book contains: - The complete text of the Authority to Require Supervision and Regulation of Certain Nonbank Financial Companies (US Financial Stability Oversight Council Regulation) (FSOC) (2018 Edition) - A table of contents with the page number of each section
Author:
Publisher:
ISBN:
Category : Financial institutions
Languages : en
Pages : 68
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Book Description
Section 113 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") authorizes the Financial Stability Oversight Council (the "Council") to require a nonbank financial company to be supervised by the Board of Governors of the Federal Reserve System (the "Board of Governors") and be subject to prudential standards in accordance with Title I of the Dodd-Frank Act if the Council determines that material financial distress at the nonbank financial company, or the nature, scope, size, scale, concentration, interconnectedness, or mix of the activities of the nonbank financial company, could pose a threat to the financial stability of the United States. The proposed rule and attached guidance describe the manner in which the Council intends to apply the statutory standards and considerations, and the processes and procedures that the Council intends to follow, in making determinations under section 113 of the Dodd-Frank Act. The Council issued an advance notice of proposed rulemaking on October 6, 2010, and a notice of proposed rulemaking on January 26, 2011, regarding determinations under section 113.
Author: Melanie L. Fein
Publisher:
ISBN:
Category :
Languages : en
Pages : 30
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Book Description
Many of the Dodd-Frank Act's provisions will change the way bank holding companies and their affiliates are regulated by the Federal Reserve Board under the Bank Holding Company Act. In addition, the new law subjects new types of financial organizations to Board supervision and regulation and greatly expands the Board's responsibility for oversight of the financial system as a whole. As a result of the Dodd-Frank Act, the Bank Holding Company Act will touch every systemically important financial institution operating in the United States. The BHC Act already comprehensively regulates bank holding companies and gives the Federal Reserve substantial supervisory authority over their activities and operations. The Dodd-Frank Act expands the Board's authority even further and extends key provisions of the BHC Act to financial companies not traditionally subject to bank holding company regulation. Nonbank financial companies also will be subject to significant regulation by the Board outside the BHC Act framework. This paper discusses the implications of key provisions of the Dodd-Frank Act for bank holding companies and systemically important nonbank financial companies.
Author: Lawrance L. Evans, Jr.
Publisher:
ISBN: 9781457864872
Category :
Languages : en
Pages : 76
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Book Description
The Financial Stability Oversight Council (FSOC) has authority to designate systemically important nonbank financial companies for enhanced supervision by the Board of Governors of the Federal Reserve System. This report reviewed these designations because they may have significant implications for the companies as well as the stability of the financial system. It examines (1) how FSOC oversees and manages the nonbank financial company determination process; (2) the extent to which FSOC has followed a systematic process for designating nonbank financial companies; (3) how the analysis and criteria used in FSOC's determination process compare with methodologies proposed by international institutions; and (4) the progress that the Federal Reserve has made in defining a supervision framework for designated nonbank financial companies. Tables and figures. This is a print on demand report.
Author: New York University Stern School of Business
Publisher: John Wiley & Sons
ISBN: 0470949864
Category : Business & Economics
Languages : en
Pages : 592
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Book Description
Experts from NYU Stern School of Business analyze new financial regulations and what they mean for the economy The NYU Stern School of Business is one of the top business schools in the world thanks to the leading academics, researchers, and provocative thinkers who call it home. In Regulating Wall Street: The New Architecture of Global Finance, an impressive group of the Stern school’s top authorities on finance combine their expertise in capital markets, risk management, banking, and derivatives to assess the strengths and weaknesses of new regulations in response to the recent global financial crisis. Summarizes key issues that regulatory reform should address Evaluates the key components of regulatory reform Provides analysis of how the reforms will affect financial firms and markets, as well as the real economy The U.S. Congress is on track to complete the most significant changes in financial regulation since the 1930s. Regulating Wall Street: The New Architecture of Global Finance discusses the impact these news laws will have on the U.S. and global financial architecture.
Author: Board of Governors of the Federal Reserve System
Publisher:
ISBN: 9780894991967
Category : Banks and Banking
Languages : en
Pages : 0
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Book Description
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Author: The Law The Law Library
Publisher: Createspace Independent Publishing Platform
ISBN: 9781721622665
Category :
Languages : en
Pages : 64
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Book Description
Supervisory Authority over Certain Nonbank Covered Persons Based on Risk Determination (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition) The Law Library presents the complete text of the Supervisory Authority over Certain Nonbank Covered Persons Based on Risk Determination (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition). Updated as of May 29, 2018 The Bureau of Consumer Financial Protection (Bureau) is publishing a final rule that establishes procedures to implement requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. That statutory provision authorizes the Bureau to supervise a nonbank covered person when the Bureau has reasonable cause to determine, by order, after notice to the person and a reasonable opportunity to respond, that such person is engaging, or has engaged, in conduct that poses risks to consumers with regard to the offering or provision of consumer financial products or services. The Bureau is authorized to, among other things, require reports from, and conduct examinations of, nonbank covered persons subject to supervision under the Act. This book contains: - The complete text of the Supervisory Authority over Certain Nonbank Covered Persons Based on Risk Determination (US Consumer Financial Protection Bureau Regulation) (CFPB) (2018 Edition) - A table of contents with the page number of each section
Author: President's Private Sector Survey on Cost Control (U.S.)
Publisher:
ISBN:
Category : Administrative agencies
Languages : en
Pages : 400
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Book Description
Author: World Bank
Publisher: World Bank Publications
ISBN: 9780821364321
Category : Business & Economics
Languages : en
Pages : 494
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Book Description
The experience of many countries around the world clearly shows that while financial sector development can spur economic growth, financial fragility and instability can seriously harm growth. Following the financial crises of the late 1990s, there has been increasing interest in the systematic assessment of the strengths and weaknesses of financial systems, with the ultimate goal of formulating appropriate policies to foster financial stability, and stimulate financial sector development. Consequently, there has been an increased demand from financial sector authorities in many countries, as well as from the Bank and International Monetary Fund (IMF) staff for information on key issues, and sound practices in the assessment of financial systems, and in the design of policy responses. This Handbook of Financial Sector Assessment is a response to this demand. The Handbook presents an overall analytical framework for assessing financial system stability and developmental needs, providing broad guidance on approaches, methodologies, and techniques of assessing financial systems. Although the Handbook draws substantially on Bank and IMF experience with the financial sector assessment programs (FSAPs), and from the broader policy and operational work in both institutions, it is designed for generic use in financial sector assessments, whether conducted by country authorities themselves, or by Bank and IMF teams. It is, therefore, hoped the Handbook will serve as an authoritative source on the objectives, analytical framework, and methodologies of financial sector assessments, as well as a comprehensive reference book for training on the techniques of such assessments.
Author: Jerome L. Stein
Publisher: Springer Science & Business Media
ISBN: 1461430798
Category : Business & Economics
Languages : en
Pages : 167
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Book Description
Stochastic Optimal Control (SOC)—a mathematical theory concerned with minimizing a cost (or maximizing a payout) pertaining to a controlled dynamic process under uncertainty—has proven incredibly helpful to understanding and predicting debt crises and evaluating proposed financial regulation and risk management. Stochastic Optimal Control and the U.S. Financial Debt Crisis analyzes SOC in relation to the 2008 U.S. financial crisis, and offers a detailed framework depicting why such a methodology is best suited for reducing financial risk and addressing key regulatory issues. Topics discussed include the inadequacies of the current approaches underlying financial regulations, the use of SOC to explain debt crises and superiority over existing approaches to regulation, and the domestic and international applications of SOC to financial crises. Principles in this book will appeal to economists, mathematicians, and researchers interested in the U.S. financial debt crisis and optimal risk management.
