Financial regulation : a framework for crafting and assessing proposals to modernize the outdated U.S. financial regulatory system : report to congressional addressees.
Imprint
[Washington, D.C.] : U.S. Govt. Accountability Office, [2009]
Title from PDF cover screen (viewed Jan. 11, 2009).
"January 2009."
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 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.
