商业银行管理 peter rossChapter02.pptVIP

* Check 21 2004 Reduces the Need for Banks to Transport Paper Checks Can Provide a Customer with ‘Substitute’ Check Which Contains Image of Front and Back of Original Check Allows for Electronic Transmission of ‘Substitute’ Checks for Clearing of Checks 2-* Federal Deposit Insurance Reform Act 2005 First Significant Increase FDIC Coverage in 25 years Raises FDIC Insurance Limits from $100,000 to $250,000 for Retirement Accounts Federal Regulators are Empowered to Periodically Adjust Deposit Insurance Limits for Inflation Merges Bank Insurance Fund (BIF) and Savings Association Insurance Funds (SIF) into Single Deposit Insurance Fund (DIF) 2-* Emergency Economic Stabilization Act of 2008 Passed in Response to Home Mortgage and Financial System Problems Temporarily Increases FDIC Deposit Insurance Coverage from $100,000 to $250,000 for All Deposits until Year-end 2009 Allows the US Treasury to Add Capital to Banks to Enhance Lending /press/releases/hp871.htm 2-* Unresolved Regulatory Issues Does the regulatory safety net set up to protect small depositors encourage financial firms to take on added risk? Does deregulation exacerbate the too-big-to-fail problem? As firms become larger and more complex, can the government regulators effectively oversee what these firms are doing? Can we simplify the current regulatory structure? What is functional regulation and will it really work under the current structure? 2-* Quick Quiz Briefly describe various types of banking regulations and try to match each major law with the main goals/functions of regulations (use slide 5). How have bank failures influenced recent legislation? What changes in regulation did the GLBA bring about? What regulatory issues remain to be resolved? 2-* Regulating Nonbank Financial-Service Credit Unions National Credit Union Administration Savings Associations Office of Thrift Supervision Money Market Funds Securities and Exchange Commission Insurance Companies State Insurance Commissions Fin