Banking Regulation and Supervision: A Comparative Study of the Uk, USA and Japan
Max Hall has done everyone interested in financial regulation a great service by putting together this comprehensive, detailed and painstaking account. . . . It is excellent now to have a reference work where one can find brought together the salient facts about the evolution and form of financial regulation in these countries. C.A.E. Goodhart, London School of Economics and Political Science, UK This is an extremely useful reference book for students of banking and their teachers. Andy Mullineux, The Economic Journal A worthwhile and suitable addition to a money and banking collection for upper-division undergraduates and above. D.E. Bond, Choice The world-wide trend towards deregulation, internationalization and conglomeration in financial markets may have substantially increased banking efficiency, but it has also highlighted the need for prudent controls to secure consumer protection and financial stability. This important new book compares and assesses the regulatory and supervisory frameworks established in London, New York and Tokyo. The European single market in financial services, the quest for international harmonization of supervisory practices and the numerous failures of financial institutions during recent years, notably BCCI, have led to a reappraisal of the regulation of financial markets and institutions. Focusing on the banks incorporated in the Golden Triangle of London, New York and Tokyo, this important new book compares and assesses the regulatory and supervisory frameworks established to protect investors and preserve overall financial stability. Dr Hall, a leading authority on financial regulation, critically assesses the strengths and weaknesses of regulatory practices in the UK, USA and Japan. He highlights the often conflicting requirements of regulation which seeks, to secure consumer protection and financial stability while maximizing efficiency. Banking Regulation and Supervision offers a comprehensive coverage of regulatory developments up to the end of 1992, making it essential reading for all members of the financial community, as well as academics, policymakers and students interested in developments in banking and finance.
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The banking sector in the USA
THE CURRENT REGULATORY AND SUPERVISORY
Bank regulation and supervision in the USA
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accounts adopted affiliates agencies allowed April authorities bank holding companies Bank of England Bank of Japan bank's Banking Act banking and securities Banking Law banking organizations Basle BHCA bills branches capital adequacy cent city banks commercial banks competitive controls corporate depositors deregulation discount domestic eligible engage equity euroyen euroyen bonds example exposures FDIC Federal Reserve Federal Reserve System financial institutions financial system firewalls foreign banks foreign exchange funds Glass-Steagall Act government bonds industry interest rate investment issuers Japanese banks Japanese financial system June lending liberalization limit loans long-term credit banks maturity member banks ment mergers minimum monetary policy money market non-bank Norinchukin Bank operations ordinary banks overseas prohibited provisions reform regulatory restrictions risk asset ratio risk weight section 20 securities activities securities business securities companies securities firms shinkin banks subsidiaries supervisory Tier 1 capital tion Tokyo trading transactions Treasury trust banks underwriting