theregulationofthefinancialinstitutions’sector(编辑修改稿)

theregulationofthefinancialinstitutions’sector(编辑修改稿)内容摘要：

poration, or “Penny Benny” (a federal agency)  2020 by The McGrawHill Companies, Inc. All rights reserved. McGraw Hill / Irwin 18 23 The Regulation of Finance Companies  The bulk of regulation of finance panies is at the state level and focuses principally upon the making of consumer loans.  2020 by The McGrawHill Companies, Inc. All rights reserved. McGraw Hill / Irwin 18 24 The Regulation of Investment Companies  Investment panies or mutual funds are regulated predominantly by the federal government in the .  Securities and Exchange Commission  Investment Company and Investment Advisers Acts (1940)  2020 by The McGrawHill Companies, Inc. All rights reserved. McGraw Hill / Irwin 18 25 Trends in The Regulation of Financial Institutions  Regulation seeks to promote the safety and stability of financial institutions in order to preserve the confidence of the public and avoid institutional failures.  However, regulation can bee a costly burden that significantly increases the operating costs of financial institutions and limits the cleansing effects of failure and petition.  2020 by The McGrawHill Companies, Inc. All rights reserved. McGraw Hill / Irwin 18 26 Trends in The Regulation of Financial Institutions  Increasingly,  market discipline is playing a bigger role,  regulators are cooperating more (because the distinctions between the financial institutions are blurring),  the focus of regulation is moving away from control over the services offered and geographic expansion to controlling risk taking, and  there is increasing attention to public disclosure.  2020 by The McGrawHill Companies, Inc. All rights reserved. McGraw Hill / Irwin 18 27 Money and Capital Markets in Cyberspace  The government missions and agencies that regulate financial institutions have bee increasingly visible on the world wide web:          2020 by The McGrawHill Companies, Inc. All rights reserved. McGraw Hill / Irwin 18 28 Chapter Review  The Reasons Behind the Regulation of Financial Institutions  Do Regulations Benefit or Harm Financial Institutions?  The Regulation of Commercial Banks  The Federal Reserve System  The Comptroller of the Currency  Federal Deposit Insurance Corporation  State Banking Commissions  2020 by The McGrawHill Companies, Inc. All rights reserved. McGraw Hill / Irwin 18 29 Chapter Review  The Regulation of Commercial Banks … continued  Regulations Controlling the Geographic Expansion of Banks  Regulation of the Services Banks Can Offer  The Rise of Disclosure Laws in Banking  The Growing Importance of Capital Regulation in Banking  The Unfinished Agenda for Banking Regulation  2020 by The McGrawHill Companies, Inc. All rights reserved. McGraw Hill / Irwin 18 30 Chapter Review  The Regulation of Nonbank Thrift Institutions  Credit Unions  Savings and Loan Associations  Savings Banks  Money Market Funds  The Regulation of Insurance Companies  The Regulation of Pension Funds  The Regulation of Finance Companies  2020 by The McGrawHill Companies, Inc. All rights reserved. McGraw Hill / Irwin 18 31 Chapter Review  The Regulation of Investment Companies  An Overview of Trends in the Regulation of Financial Institutions  2020 by The McGrawHill Companies, Inc. All rights reserved. McGraw Hill / Irwin 18 32 Money and Capital Markets 19 C h a p t e r Eighth Edition Financial Institutions and Instruments in a Global Marketplace Peter S. Rose Slide by YeeTien (Ted) FuThe Treasury In The Financial Markets  2020 by The McGrawHill Companies, Inc. All rights reserved. McGraw Hill / Irwin 18 33  Learning Objectives   To examine the many important roles played by the government’s Treasury Department.  To identify how the government raises new funds and how it spends the funds raised.  To understand how the activities of the Treasury Department impact the money and capital markets and the economy.  To explore two key government policy tools – fiscal policy and debt management.  2020 by The McGrawHill Companies, Inc. All rights reserved. McGraw Hill / Irwin 18 34 Introduction  The . Treasury Department exerts a potent impact on the financial system through its  fiscal policy – the taxing and spending programs of the federal government designed to promote various economic goals, and  debt management policy – the refunding or refinancing of the federal government’s debt in a way that contributes to its economic goals and minimizes the debt burden. 。