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Financial regulation : a framework for crafting and assessing proposals to modernize the outdated U.S. financial regulatory system : report to congressional addressees.

Author: United States. Government Accountability Office.
Publisher: [Washington, D.C.] : U.S. Govt. Accountability Office, [2009]
Edition/Format:   eBook : Document : National government publication : EnglishView all editions and formats
Summary:
The United States and other countries are in the midst of the worst financial crisis in more than 75 years. While much of the attention of policymakers understandably has been focused on taking short-term steps to address the immediate nature of the crisis, these events have served to strikingly demonstrate that the current U.S. financial regulatory system is in need of significant reform. To help policymakers  Read more...
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Details

Material Type: Document, Government publication, National government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: United States. Government Accountability Office.
OCLC Number: 298086083
Notes: Title from PDF cover screen (viewed Jan. 11, 2009).
"January 2009."
"GAO-09-216."
Description: iii, 100 pages : digital, PDF file
Details: System requirements: Adobe Acrobat Reader.; Mode of access: World Wide Web from GAO web site. Address as of 1/11/09: http://www.gao.gov/new.items/d09216.pdf; current access available via PURL.
Other Titles: Framework for crafting and assessing proposals to modernize the outdated U.S. financial regulatory system

Abstract:

The United States and other countries are in the midst of the worst financial crisis in more than 75 years. While much of the attention of policymakers understandably has been focused on taking short-term steps to address the immediate nature of the crisis, these events have served to strikingly demonstrate that the current U.S. financial regulatory system is in need of significant reform. To help policymakers better understand existing problems with the financial regulatory system and craft and evaluate reform proposals, this report (1) describes the origins of the current financial regulatory system, (2) describes various market developments and changes that have created challenges for the current system, and (3) presents an evaluation framework that can be used by Congress and others to shape potential regulatory reform efforts.

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