文档介绍:CHAPTER2THEIMPACTOFGOVERNMENTPOLICYANDREGULATIONONBANKINGANDTHEFINANCIALSERVICESINDUSTRYGoalofThisChapter:plexregulatoryenvironmentthatgovernmentsaroundtheworldhavecreatedforbanksandotherfinancialservicefirmsinanefforttosafeguardthepublic’ssavings,bringstabilitytothefinancialsystem,-ServicesRegulationMajorBankandNonbankRegulatorsandLawsTheRiegle-NealandGramm-Leach-Bliley(GLB)anizationandStructureoftheFederalReserveSystemandLeadingCentralBanksofEuropeandAsiaIndustryImpactofCentralBankPolicyToolsChapterOutlineI. Introduction: NatureandImportanceofBankRegulationII. BankingRegulationA. ProsandConsofStrictRules 1. Toprotectthepublic'ssavings 2. Tocontrolthemoneysupply 3. Toensureadequatesupplyofloansandtoensurefairness 4. Tomaintainconfidenceinthesystem 5. Toavoidmonopolypowers 6. overnmentactivities 7. TosupportspecialsectorsoftheeconomyB. TheImpactofRegulation-TheArgumentsforStrictRulesversusLenientRulesIII. MajorBankingLaws-WhereandWhentheRulesOriginatedA. Meetthe“Parents”:TheLegislationThatCreatedToday’sBankRegulatorsa. NationalCurrencyandBankActs(1863-64)b. TheFederalReserveAct(1913)c. TheBankingActof1933(Glass-Steagall)d. EstablishingtheFDICunderGlass-Steagalle. CriticismsoftheFDICandResponsesViaNewLegislationf. RaisingtheFDICInsuranceLimitB. InstillingSocialGracesandMorales-SocialResponsibilityLawsC. LegislationAimedatAllowingInterstateBanking:WhereCanthe“Kids”Play?D. TheGramm-Leach-BlileyAct(1999):eptableActivitiesforPlaytime?E. TellingtheTruthandNotStretchingIt-TheSarbanes-ountingStandardsAct()IV. The21stCenturyIssuesinanArrayofNewLaws,RegulationsandRegulatoryStrategiesA. TheFACTActB. Check21C. NewBankruptcyRulesD. FederalDepositInsuranceReformE. NewRegulatoryStrategiesinaNewCenturyandUnresolvedRegulatoryIssuesV. TheRegulationofNonbankFinancial-ServiceFirmsRegulatingThrift(Savings)IndustryCreditUnionsSavingsandLoansandSavingsBanksMoneyMarketFund