Consolidated Financial Regulators Overlap, But There Are Also Gaps in Supervision
Author: Joan Teresa Kay.
Source: Volume 21, Number 01, September/October 2007 , pp.43-49(7)
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Abstract:
The globalization and consolidation of the financial services industry has made the fragmented U.S. financial regulatory system seem particularly antiquated, and often nonfunctional. Though it may be argued that a consolidated supervision system, such as that placed in the UK’s Financial Services Authority, would be more effective, this approach goes against a long history in the U.S., as well as facing resistance from many entrenched interests.Keywords: Bank regulation
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