Dodd-Frank Act, Title VIII. : Supervision of Payment, Clearing, and Settlement Activities.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Administrative agencies.

Financial institutions.

Government productivity.

Physical Description:

1 online resource (35 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2010.

System Details:

text file

Summary:

Outlines changes to supervision of key market infrastructure under Title VIII of P.L. 111-203, the Dodd-Frank Act, known as the Payment, Clearing, and Settlement Supervision Act of 2010, which expands Federal Reserve role, in coordination with other prudential regulators, with regard to the supervision, examination, and rule enforcement of "financial market utility" (FMU) and payment, clearing, and settlement (PCS) activities of financial institutions (FIs). Introduces basics of PCS systems and activities, and presents major systems operating in the U.S. Describes different risks, including systemic risk, that are commonly associated with PCS systems and activities. Discusses oversight authority of FMU and FI regulators in place prior to enactment of the Dodd-Frank Act, and summarizes changes made by Title VIII, including new regulatory oversight authority of the Federal Reserve. Addresses implementation of Title VIII by relevant agencies and the impact of Title VIII on FMUs and FIs.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Sept. 2012). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress.Congressional Research Service. Dodd-Frank Act, Title VIII

Access Restriction:

Restricted for use by site license.