Consolidated Regulation and Supervision in the United States

26 Pages Posted: 7 Feb 2011

Date Written: Janurary 2011


This paper builds on a Technical Note produced as part of the IMF’s 2010 Financial Sector Assessment Program (FSAP) review of the United States. It addresses enterprise-wide oversight of financial groups, a key tool to mitigate systemic risk. Focusing on legal arrangements, it recommends eliminating exceptions for holding companies owning certain limited-purpose banks, harmonizing arrangements for bank and thrift holding companies, and bringing into the net a few systemic nonbank financial groups, with the Federal Reserve as the sole consolidated regulator and supervisor.

Keywords: Bank regulations, Bank supervision, Banking sector, Financial systems, Nonbank financial sector, United States

Suggested Citation

Bhatia, Ashok Vir, Consolidated Regulation and Supervision in the United States (Janurary 2011). IMF Working Papers, Vol. , pp. 1-25, 2011. Available at SSRN:

Ashok Vir Bhatia (Contact Author)

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