Who Regulates Whom? An Overview Of U.S. Financial Supervision

Federal financial regulation in the United States has evolved through a series of piecemeal responses to developments and crises in financial markets. This paper provides an overview of current U.S. financial regulation: which agencies are responsible for which institutions and markets, and what kinds of authority they have. There are two traditional components to U.S. banking regulation: deposit insurance and adequate capital. Commercial banks accept a quid pro quo that was adopted in response to widespread bank failures during the 1930s.

Provided by: Congressional Research Service Topic: CXO Date Added: Apr 2010 Format: PDF

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