Financial markets regulation : financial crisis highlights need to improve oversight of leverage at financial institutions and across system (2009-07-22) / U.S. Government Accountability Office (GAO).

Format:

Book

Author/Creator:

United States. Government Accountability Office (GAO), author, issuing body.

Language:

English

Subjects (All):

Financial institutions--Law and legislation--United States.

Financial institutions.

Physical Description:

1 online resource (140 pages)

Other Title:

Financial Markets Regulation

Place of Publication:

Washington, D.C. : U.S. Government Accountability Office (GAO), [2009]

Summary:

The Emergency Economic Stabilization Act directed GAO to study the role of leverage in the current financial crisis and federal oversight of leverage. GAO's objectives were to review (1) how leveraging and deleveraging by financial institutions may have contributed to the crisis, (2) regulations adopted by federal financial regulators to limit leverage and how regulators oversee compliance with the regulations, and (3) any limitations the current crisis has revealed in regulatory approaches used to restrict leverage and regulatory proposals to address them. To meet these objectives, GAO built on its existing body of work, reviewed relevant laws and regulations and academic and other studies, and interviewed regulators and market participants.

Notes:

Description based on publisher supplied metadata and other sources.