The new financial deal understanding the Dodd-Frank Act and its (unintended) consequences
(eBook)
Author
Contributors
Published
Hoboken, N.J. : Wiley, c2011.
Physical Desc
xix, 220 pages : ill.
Status
More Details
Format
eBook
Language
English
Notes
Bibliography
Includes bibliographical references (p. 205-210) and index.
Description
"What can we expect from our era's New Deal? To answer this question, The New Financial Deal will begin with an inside account of the legislative process, then outline and access its key components: the new framework for regulating derivatives, the regulation of banking and systemic risk, and the new resolution regime. It will explain the implications of the new framework, and propose correctives that would better align its ostensible objectives--such as preventing future bailouts--with the new regulatory structure. The legislation's key theme is government partnership with and regulation of large concentrated institutions in order to reduce their risk and manage their failure. In place of the decentralized pre-crisis regulation of derivatives, the new legislation will require that most derivatives be cleared through a clearing house and traded on exchanges. The stability of the derivatives market will therefore depend on a small number of potentially enormous clearing houses. For large financial institutions that encounter financial distress, the legislation gives bank regulators sweeping new authority to step in and take over the institution. Regulators, rather than negotiations among the parties themselves, will determine the outcomes. These epochal reforms are posed to change Wall Street forever, but whether they help to regulate supermarket banks or create even more moral hazard is worthy of serious debate."--,Provided by publisher.
Reproduction
Electronic reproduction. Ann Arbor, MI : ProQuest, 2015. Available via World Wide Web. Access may be limited to ProQuest affiliated libraries.
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Citations
APA Citation, 7th Edition (style guide)
Skeel, D. A. (2011). The new financial deal: understanding the Dodd-Frank Act and its (unintended) consequences . Wiley.
Chicago / Turabian - Author Date Citation, 17th Edition (style guide)Skeel, David A., 1961-. 2011. The New Financial Deal: Understanding the Dodd-Frank Act and Its (unintended) Consequences. Wiley.
Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)Skeel, David A., 1961-. The New Financial Deal: Understanding the Dodd-Frank Act and Its (unintended) Consequences Wiley, 2011.
MLA Citation, 9th Edition (style guide)Skeel, David A. The New Financial Deal: Understanding the Dodd-Frank Act and Its (unintended) Consequences Wiley, 2011.
Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.
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Grouped Work ID
bf6b5dfa-0496-aabb-947e-f9ae3a2d4b4a-eng
Grouping Information
Grouped Work ID | bf6b5dfa-0496-aabb-947e-f9ae3a2d4b4a-eng |
---|---|
Full title | new financial deal understanding the dodd frank act and its unintended consequences |
Author | skeel david a |
Grouping Category | book |
Last Update | 2022-06-07 21:23:19PM |
Last Indexed | 2024-04-20 05:08:45AM |
Book Cover Information
Image Source | default |
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First Loaded | Jul 12, 2022 |
Last Used | Apr 3, 2024 |
Marc Record
First Detected | Aug 09, 2021 12:14:27 PM |
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Last File Modification Time | Nov 22, 2021 08:02:53 AM |
MARC Record
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245 | 1 | 4 | |a The new financial deal|h [eBook] :|b understanding the Dodd-Frank Act and its (unintended) consequences /|c David Skeel. |
260 | |a Hoboken, N.J. :|b Wiley,|c c2011. | ||
300 | |a xix, 220 p. :|b ill. | ||
504 | |a Includes bibliographical references (p. 205-210) and index. | ||
505 | 0 | |a The corporatist turn in American regulation -- The Lehman myth -- Geithner, Dodd, Frank, and the legislative grinder -- Derivatives reform : clearinghouses and the plain-vanilla derivative -- Banking reform : breaking up was too hard to do -- Unsafe at any rate -- Banking on the FDIC (resolution authority I) -- Bailouts, bankruptcy, or better? (resolution authority II) -- Essential fixes and the new financial order -- An international solution?. | |
520 | |a "What can we expect from our era's New Deal? To answer this question, The New Financial Deal will begin with an inside account of the legislative process, then outline and access its key components: the new framework for regulating derivatives, the regulation of banking and systemic risk, and the new resolution regime. It will explain the implications of the new framework, and propose correctives that would better align its ostensible objectives--such as preventing future bailouts--with the new regulatory structure. The legislation's key theme is government partnership with and regulation of large concentrated institutions in order to reduce their risk and manage their failure. In place of the decentralized pre-crisis regulation of derivatives, the new legislation will require that most derivatives be cleared through a clearing house and traded on exchanges. The stability of the derivatives market will therefore depend on a small number of potentially enormous clearing houses. For large financial institutions that encounter financial distress, the legislation gives bank regulators sweeping new authority to step in and take over the institution. Regulators, rather than negotiations among the parties themselves, will determine the outcomes. These epochal reforms are posed to change Wall Street forever, but whether they help to regulate supermarket banks or create even more moral hazard is worthy of serious debate."--|c Provided by publisher. | ||
533 | |a Electronic reproduction. Ann Arbor, MI : ProQuest, 2015. Available via World Wide Web. Access may be limited to ProQuest affiliated libraries. | ||
610 | 1 | 0 | |a United States.|t Dodd-Frank Wall Street Reform and Consumer Protection Act. |
650 | 0 | |a Financial services industry|x Law and legislation|z United States. | |
650 | 0 | |a Financial institutions|x Law and legislation|z United States. | |
655 | 4 | |a Electronic books. | |
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856 | 4 | 0 | |u http://ebookcentral.proquest.com/lib/prescottcollege-ebooks/detail.action?docID=699498|x Prescott College|y Prescott College users click here to access |
856 | 4 | 0 | |u http://ebookcentral.proquest.com/lib/yln-ebooks/detail.action?docID=699498|x Yavapai Library Network|y All other users click here to access |
945 | |a E-Book |