Coverart for item
The Resource The new financial deal : understanding the Dodd-Frank Act and its (unintended) consequences, David Skeel

The new financial deal : understanding the Dodd-Frank Act and its (unintended) consequences, David Skeel

Label
The new financial deal : understanding the Dodd-Frank Act and its (unintended) consequences
Title
The new financial deal
Title remainder
understanding the Dodd-Frank Act and its (unintended) consequences
Statement of responsibility
David Skeel
Creator
Subject
Language
eng
Summary
"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."--
Assigning source
Provided by publisher
Cataloging source
DLC
http://library.link/vocab/creatorDate
1961-
http://library.link/vocab/creatorName
Skeel, David A.
Dewey number
346.7308
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • United States.
  • Financial services industry
  • Financial institutions
Label
The new financial deal : understanding the Dodd-Frank Act and its (unintended) consequences, David Skeel
Instantiates
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 205-210) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Contents
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?
Control code
FIEb1700326x
Dimensions
24 cm.
Extent
xix, 220 pages
Isbn
9780470942758
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)670324820
Label
The new financial deal : understanding the Dodd-Frank Act and its (unintended) consequences, David Skeel
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 205-210) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Contents
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?
Control code
FIEb1700326x
Dimensions
24 cm.
Extent
xix, 220 pages
Isbn
9780470942758
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)670324820

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