Financial
Regulation and
Legislation in the
U.S.
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Financial Regulation and Legislation in the U.S.: Understanding Key Acts and Their Impact, Slides of Banking and Finance
Explore major financial legislation in the u.s., including the federal reserve act, fdic act, and sec acts. Learn about their aims, the role of the fdic and sec, and the impact of the financial reform of 2008. Understand the importance of risk assessment, disclosure requirements, and consumer protection regulations.
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2012/2013
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Financial
Regulation and
Legislation in the
U.S.
Major Financial
Legislation
Federal Reserve System (Fed)
Federal Deposit Insurance Corporation (FDIC)
U.S. Securities and Exchange Commissions (SEC)
Aims
Stabilization and Growth
The Steady Growth High Level of Employment Price Stability
But How?
FDIC
The Federal Deposit Insurance Act of 1950
Mission
Vision
The Investment Company
Act of 1940
·An act of Congress
·United States Public Law
·August 22, 1940
The Investment Adviser Act
of 1940
·United States Federal Law
·Regulate the actions of investment advisors
Late-2000s Recession
Beginning: December 2007, United States
The outbreak of the financial crisis: 2007–
Reckless & Unsustainable lending practices
A drop in international trade
Rising unemployment & Slumping commodity prices
World Map Showing
GDP Real Growth Rates
of 2009
What is the financial
regulation?
Financial regulations are a form of
regulation or supervision, which
subjects financial institution to
certain requirements, aiming to
maintain the integrity of the financial
system.
What is the different part of it?
1.Assessment of Risk Management
Risk assessment is the
determination of quantitative or
qualitative value of risk related to
a concrete situation and a
recognized threat (also called
hazard).
Example
The Sarbanes-Oxley Act of 2002 took
disclosure of information even further by
increasing the incentive to produce
accurate audits of corporate income
statement and balance sheet.
They use mark-to-market Accounting to
achieve that.
before the regulation made…
Before Mark-to-market Accounting, firm relied on traditional historical basis in which the value of an assets was set at its initial purchase price.
The problem with it is that in the value of asset and liability because of change in interest rate or default are not calculate of the firm’s equity capital.