Bank regulation


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Bank regulation

The formulation and issuance by authorized agencies of specific rules or regulations, under governing law, for the conduct and structure of banking.

Bank Regulation

The laws and bureaucratic rules governing banking. Banks have regulations at the federal, state, and sometimes local levels. Examples of bank regulations include capital requirements and limits on interest rates. Member banks of the Federal Reserve are subject to further regulations, such as the requirement to buy stock in the Federal Reserve System. Proponents of bank regulations state that they help maintain consumer confidence in banking, which in turn helps keep the economy running smoothly. Critics maintain that most bank regulations create market distortions and hamper economic growth. Perhaps predictably, these two groups disagree on whether too little or too much bank regulation caused the credit crunch of the mid and late 2000s and the subsequent recession.
References in periodicals archive ?
These included Financial Conglomerates Supervision, Governor's Office, Islamic Banking and Takaful, Financial Surveillance, Financial Sector Development, Financial Intelligence and Bank Regulation Departments, it said.
WHAT the past can teach us about the merits of tighter versus looser bank regulation will be the subject of the latest Julian Hodge Institute of Applied Macroeconomics annual lecture this week.
Smith not only championed progressive taxation; he also advocated rigorous bank regulation. This may come as a surprise to the chief spokesman for the banking industry, JP Morgan Chase CEO Jamie Dimon, who displays his ignorance of Smith's economic philosophy in his adamant opposition to bank regulation--notably in his recent denunciation of the Volcker rule, which would prohibit banks from gambling with taxpayers' money.
One of the key powers he wanted was control over bank regulation after complaining that Scottish financial institutions were being held back by the UK's stricter regime.
''It (the bank regulation proposal) is a big factor.
Indeed, in 1999 the Bank and the IMF started the Financial Sector Assessment Program to assess systematically the status of financial systems in countries and to make recommendations for reform, including in the area of bank regulation. As a result, Bank and Fund officials, among others, want to know the extent to which recommendations were adopted and whether the reforms were beneficial.
Never forget this credit crisis was made in Downing St, Number 11 back in 1997when he split the bank regulation task off from the Bank of England.
If Gordon Brown doesn't get the message that bank regulation needs an urgent and drastic overhaul we really are in danger of becoming a banana republic - but without any bananas to sell.
Wallison and I don't disagree about the economics of bank regulation: we disagree about the political science of bank regulation.
Rethinking Bank Regulation: Till Angels Govern James R.
The important relationship between banks and economic welfare has led researchers and international institutions to develop policy recommendations concerning bank regulation and supervision.
He is actively involved in bank regulation, payments systems, and developing technologies that affect bank delivery of products and services.