Bank Oversight Structure: U. S. and Foreign Experience May Offer Lessons for Modernizing U. S. Structure

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Maja Wessels, Tamara Cross, Kristi Peterson
DIANE Publishing, Feb 1, 1997 - 132 pages
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Proposals to consolidate U.S. bank regulatory agencies have raised questions about how other countries structure and carry out their various bank regulation and central bank activities. This report discusses the structure and operations of bank oversight and central bank activities in five countries: Canada, France, Germany, Japan and the United Kingdom. Identifies potential avenues for oversight modernization, and identifies the characteristics of the 5 countries' regulatory structures that might be useful to consider in any U.S. oversight modernization effort. Tables.
 

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Contents

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Page 30 - Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.
Page 1 - Development, a member of the Board of Governors of the Federal Reserve System, the Chairman of the Federal Deposit Insurance Corporation, the Comptroller of the Currency and the Administrator of the National Credit Union Administration participated under an informal memorandum of agreement.
Page 32 - They must also comply with requirements of the self-regulatory organizations, such as the New York Stock Exchange and the National Association of Securities Dealers.
Page 106 - Members of the Board of Governors are appointed by the President and confirmed by the Senate for 14-year terms.
Page 25 - ... Association of Supervisors of State Banks in an annual survey are listed in Table II. The model state banking code does not recommend a particular salary for the Commissioner. A bureau within the Department of the Treasury is charged with the examination and supervision of national banks. This bureau is headed by the Comptroller of the Currency, who is appointed by the President with the advice and consent of the Senate for a term of five years, unless sooner removed by the President for reasons...
Page 25 - Office of the Comptroller of the Currency The Office of the Comptroller of the Currency was created by act of Congress approved February 25, 1863 (12 Stat.
Page 35 - May 1994 in accordance with generally accepted government auditing standards. We provided a draft of this report to SEC, Treasury, NASD, and NYSE for review and comment. Their comments and our evaluation are presented at the end of this letter.
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