Consolidation of Financial Regulation: Pros, Cons, and Implications for the United States

Download or read book Consolidation of Financial Regulation: Pros, Cons, and Implications for the United States written by Sabrina R. Pellerin and published by DIANE Publishing. This book was released on 2010 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. financial system has changed significantly over the last several decades without structural changes to the decentralized financial regulatory system. Many countries have chosen to consolidate their regulators into a newly formed "single regulator" or have significantly reduced the number of existing regulators in order to form a regulatory structure that more closely mirrors the current financial system -- one that is dominated by large financial org. This paper reviews the advantages and disadvantages of regulatory consolidation, explores the effects of consolidation on regulators' incentives, and evaluates which entity is best suited for this role. Reviews the transitions to consolidated regulation that took place in the UK, Germany, Japan, and Australia. Tables.