000 04494nam a22005295i 4500
001 978-1-4419-6637-7
003 DE-He213
005 20140220083721.0
007 cr nn 008mamaa
008 110110s2011 xxu| s |||| 0|eng d
020 _a9781441966377
_9978-1-4419-6637-7
024 7 _a10.1007/978-1-4419-6637-7
_2doi
050 4 _aHG1-9999
050 4 _aHG4501-6051
050 4 _aHG1501-HG3550
072 7 _aKFF
_2bicssc
072 7 _aKFFK
_2bicssc
072 7 _aBUS027000
_2bisacsh
072 7 _aBUS004000
_2bisacsh
082 0 4 _a657.8333
_223
082 0 4 _a658.152
_223
100 1 _aTatom, John A.
_eeditor.
245 1 0 _aFinancial Market Regulation
_h[electronic resource] :
_bLegislation and Implications /
_cedited by John A. Tatom.
250 _a1.
264 1 _aNew York, NY :
_bSpringer New York,
_c2011.
300 _aXVIII, 240p. 6 illus.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aFinancial Legislation: The Promise and Record of the Gramm-Leach-Bliley Act -- Did the Repeal of Glass Steagall Have Any Role in the Financial Crisis? Not guilty, not Even Close -- Glass Steagall in Our Future: How Straight, How Narrow? -- Cross-border Impact of the Financial Services Modernization Act (FSMA): Evidence from Large Foreign Banks -- Global Impact of Gramm-Leach-Bliley Act: Evidence from Insurance Industries of Developed Countries -- A Program for Minimzing the Private and Public Cost of Bank Failures -- The Importance of Monitoring and Mitigating the Safety-Net Consequences of Regulation Induced Innovation -- Redefining and Containing Systemic Risk -- I am Superman: The Federal Reserve Board and the Neverending Crisis -- How to Avoid the Next Taxpayer Bailout of the Financial System: The Narrow Banking Proposal -- Regulation of Bank Management Compensation -- The Lure of Leveraging: Wall Street, Congress and the Invisible Government.
520 _aWhat role should regulation play in financial markets? What have been the ramifications of financial regulation? To answer these and other questions regarding the efficacy of legislation on financial markets, this book examines the impact of the Gramm Leach Bliley Act (GLBA), also called the Financial Modernization Act of 1999, which fundamentally changed the financial landscape in the United States. The GLBA allows the formation of financial holding companies that can offer an integrated set of commercial banking, securities and insurance products. The tenth anniversary of the most sweeping financial legislation reform in the industry’s structure is a natural benchmark for assessing the effects of the law and for questioning whether changes are necessary in the working of this historic legislation. The importance of this review is reinforced by a variety of proposals in the last several years to reform the regulation of financial institutions that have attracted considerable attention among regulators and in the financial firms that they regulate. Most recently, the financial crisis and the failure of some large financial institutions have called into question the legitimacy of America’s current financial structure and its regulation, including to some degree the GLBA. There is no doubt that regulatory reform is front and center on today’s policy agenda. The lessons of the GLBA experience and its effects, both domestic and international, on financial markets and competitiveness, risk-taking and risk management by financial services firms and their regulators will be critical to the direction the country takes and the effort to ensure that future financial crises do not occur or have less costly damage. With contributions from academics, policy experts, and a sponsor of the GLBA, Congressman James Leach, this book is invaluable to anyone interested in financial system reform.
650 0 _aEconomics.
650 0 _aEconomic policy.
650 0 _aFinance.
650 0 _aBanks and banking.
650 1 4 _aEconomics/Management Science.
650 2 4 _aFinance /Banking.
650 2 4 _aEconomic Policy.
650 2 4 _aPublic Finance & Economics.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9781441966360
856 4 0 _uhttp://dx.doi.org/10.1007/978-1-4419-6637-7
912 _aZDB-2-SBE
999 _c105625
_d105625