Regulators around the globe are responsible for monitoring the banking industry to ensure its “safety and soundness.” In the United States, the Federal Reserve executes these duties. In an exhaustive study of official documents, Paul Goldsmith-Pinkham, Beverly Hirtle and David Lucca of the Federal Reserve Bank of New York examine the scale, scope and consistency of the US supervisory environment and its overlap with market discipline. getAbstract suggests this scholarly report, dense with models and statistics, to policy makers and financial executives engaged in the intricacies of the US bank regulatory apparatus.
In this summary, you will learn
- How the US Federal Reserve exerts supervisory pressure on banks,
- What factors regulators focus on, and
- Where regulatory supervision and marketplace discipline overlap.
About the Authors
Paul Goldsmith-Pinkham is an economist at the Federal Reserve Bank of New York, where Beverly Hirtle is the director of research and David Lucca is a research officer.
Comment on this summary
Customers who read this summary also read
ReportDid the Founding of the Federal Reserve Affect the Vulnerability of the Interbank System to Systemic Risk?
Mark Carlson and David C. Wheelock
Federal Reserve Bank of St. Louis, 2016
Gerold Grasshoff et al.
Boston Consulting Group, 2017
Tobias Adrian et al.
New York Fed, 2016
Gazi Ishak Kara
Federal Reserve Board, 2016