Financial Regulatory Reform: A New Foundation: Rebuilding Financial Supervision and RegulationThis report details the proposed reforms by the US Dept of Treasury to meet the following five key objectives: (1) Promote robust supervision and regulation of financial firms, (2) Establish comprehensive supervision of financial markets, (3) Protect consumers and investors from financial abuse, (4) Provide the government with the tools it needs to manage financial crises (5) Raise international regulatory standards and improve international cooperation. |
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accounting standard setters assess asset-backed securities assets authority to require bank holding company banks and BHCs Basel II BCBS BHC Act broker-dealers capital requirements CFPA CFPA's CFTC clearing consolidated supervision Consumer Financial Protection consumer protection coordination counterparties credit rating agencies derivatives markets disclosures enforcement failure federal banking Federal Reserve financial crisis financial institutions financial markets financial products financial regulatory Financial Services Oversight financial stability financial system Freddie Mac G-20 Leaders global financial hedge funds improve insured depository institutions intermediaries investment banks jurisdiction Lehman Brothers liquidity risk market participants MMFs mortgage OTC derivatives products and services promote propose the creation protect consumers prudential regulation recommend regulatory capital regulatory standards Reserve's resolution regime responsibility risk management robust securities securitization Services Oversight Council settlement systems shareholder strengthen subsidiary supervision and regulation supervisory systemic risk systemically important payment threat to financial Tier 1 FHCs transparency Treasury