Banking and Financial Regulation (21544). 2 units. The regulation of banks and other financial institutions has changed dramatically in recent years in response to rapid evolution in the financial services industry both before and as a result of the 2008-2009 financial crisis. This course examines the current industry structure and governing regulatory framework, particularly in light of the historic Dodd-Frank Consumer Protection and Wall Street Reform Act, which is still in the process of being implemented. It considers the financial crisis, regulatory aftermath, and future directions in financial policy and regulation. The course focuses primarily on the regulation of banks and bank holding companies but also covers other financial institutions such as nonbank financial holding companies, securities broker-dealers, mutual funds, and insurance companies. The role of the new Financial Stability Oversight Council in regulating financial stability and systemic risk will be highlighted, along with the newly created Consumer Financial Protection Bureau. Among the topics covered are limits on entry into the business of banking; regulation of deposit taking and lending; securitization of assets, restrictions on nonbanking activities and investments, insurance and securities powers of banks and their affiliates; Volcker Rule limits on proprietary trading and hedge fund activities; consumer protection and community reinvestment; capital and liquidity requirements; examination and enforcement; the separation of banking and commerce; conflicts of interest and fiduciary duties; restrictions on transactions between banks and their affiliates; bank failure and resolution; foreign banks operating in the United States; and swaps and other derivatives activities. The concepts of “functional regulation,” “systemic risk regulation,” and “shadow banking” will be discussed. Scheduled examination or paper option. M.L. Fein.
SLB - 128 (Fri) Grade mode: graded CRN: 20378
Exam: 5/08/2015 at 2:00 PM SLB: 129 Questions available online Name or Id: Id Length: 2 hour(s)