FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W1934343830> ?p ?o ?g. }

• W1934343830 abstract "This article is based on testimony presented on December 7, 2011, before the Subcommittee on Financial Institutions and Consumer Protection of the Senate Committee on Banking, Housing, and Urban Affairs. The article provides an update and extension of my previous work showing that: (1) the U.S., U.K. and other developed nations provided enormous subsidies for “too-big-to-fail” (“TBTF”) financial institutions during the financial crisis, thereby creating dangerous distortions in our financial markets and economies; (2) large financial conglomerates follow a hazardous business model that is riddled with conflicts of interest and prone to speculative risk-taking; (3) the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) creates helpful new tools for regulating systemically important financial institutions (“SIFIs”) and dealing with their potential failure, but Dodd-Frank does not completely close the door to government bailouts of creditors of SIFIs; (4) Dodd-Frank relies on the same regulatory techniques – including capital-based regulation and prudential supervision – that failed to prevent the banking and thrift crises of the 1980s and the current financial crisis; and (5) Dodd-Frank also depends on many of the same federal agencies that failed to stop excessive risk-taking by financial institutions during the credit boom that preceded both crises.In view of Dodd-Frank’s shortcomings, the article reiterates my proposals for more extensive structural reforms and activity limitations that would (i) prevent SIFIs from using federal safety net subsidies to support their capital markets activities, and (ii) make it easier for regulators to separate banks from their nonbank affiliates when financial conglomerates fail. Congress should mandate a pre-funded Orderly Liquidation Fund (“OLF”) and should require all bank and nonbank SIFIs to pay risk-based assessments to the OLF to provide for the future costs of resolving failed SIFIs. Congress should also mandate a “narrow bank” structure for financial conglomerates that would (a) protect the Deposit Insurance Fund from the risks created by nonbank affiliates of SIFI-owned banks, and (b) prevent narrow banks from transferring their FDIC-insured, low-cost funding advantages to their nonbank affiliates. My recommended reforms are similar to the “ring-fencing” proposal issued by the U.K. Independent Commission on Banking and endorsed by the Cameron coalition government. The narrow bank concept provides a promising way for the U.S. and the U.K. to adopt a common approach for regulating financial conglomerates. If the U.S. and the U.K. adopted consistent regimes for controlling the risks posed by SIFIs, they would place great pressure on other developed nations to follow suit." @default.
• W1934343830 created "2016-06-24" @default.
• W1934343830 creator A5003695718 @default.
• W1934343830 creator A5036802745 @default.
• W1934343830 date "2010-01-01" @default.
• W1934343830 modified "2023-09-26" @default.
• W1934343830 title "Narrow Banking: An Overdue Reform that Could Solve the Too-Big-To-Fail Problem and Align U.S. And U.K. Regulation of Financial Conglomerates" @default.
• W1934343830 cites W2735766586 @default.
• W1934343830 cites W2735974882 @default.
• W1934343830 hasPublicationYear "2010" @default.
• W1934343830 type Work @default.
• W1934343830 sameAs 1934343830 @default.
• W1934343830 citedByCount "1" @default.
• W1934343830 countsByYear W19343438302015 @default.
• W1934343830 crossrefType "posted-content" @default.
• W1934343830 hasAuthorship W1934343830A5003695718 @default.
• W1934343830 hasAuthorship W1934343830A5036802745 @default.
• W1934343830 hasConcept C10138342 @default.
• W1934343830 hasConcept C120527767 @default.
• W1934343830 hasConcept C127413603 @default.
• W1934343830 hasConcept C138885662 @default.
• W1934343830 hasConcept C139719470 @default.
• W1934343830 hasConcept C141441539 @default.
• W1934343830 hasConcept C143910263 @default.
• W1934343830 hasConcept C144133560 @default.
• W1934343830 hasConcept C144587487 @default.
• W1934343830 hasConcept C159091798 @default.
• W1934343830 hasConcept C162324750 @default.
• W1934343830 hasConcept C19244329 @default.
• W1934343830 hasConcept C2777351259 @default.
• W1934343830 hasConcept C2777731549 @default.
• W1934343830 hasConcept C2777817046 @default.
• W1934343830 hasConcept C2778137410 @default.
• W1934343830 hasConcept C2778300220 @default.
• W1934343830 hasConcept C2779957021 @default.
• W1934343830 hasConcept C2780421641 @default.
• W1934343830 hasConcept C2989499966 @default.
• W1934343830 hasConcept C34447519 @default.
• W1934343830 hasConcept C41895202 @default.
• W1934343830 hasConcept C510755694 @default.
• W1934343830 hasConcept C54750564 @default.
• W1934343830 hasConcept C73283319 @default.
• W1934343830 hasConcept C84265765 @default.
• W1934343830 hasConcept C87717796 @default.
• W1934343830 hasConceptScore W1934343830C10138342 @default.
• W1934343830 hasConceptScore W1934343830C120527767 @default.
• W1934343830 hasConceptScore W1934343830C127413603 @default.
• W1934343830 hasConceptScore W1934343830C138885662 @default.
• W1934343830 hasConceptScore W1934343830C139719470 @default.
• W1934343830 hasConceptScore W1934343830C141441539 @default.
• W1934343830 hasConceptScore W1934343830C143910263 @default.
• W1934343830 hasConceptScore W1934343830C144133560 @default.
• W1934343830 hasConceptScore W1934343830C144587487 @default.
• W1934343830 hasConceptScore W1934343830C159091798 @default.
• W1934343830 hasConceptScore W1934343830C162324750 @default.
• W1934343830 hasConceptScore W1934343830C19244329 @default.
• W1934343830 hasConceptScore W1934343830C2777351259 @default.
• W1934343830 hasConceptScore W1934343830C2777731549 @default.
• W1934343830 hasConceptScore W1934343830C2777817046 @default.
• W1934343830 hasConceptScore W1934343830C2778137410 @default.
• W1934343830 hasConceptScore W1934343830C2778300220 @default.
• W1934343830 hasConceptScore W1934343830C2779957021 @default.
• W1934343830 hasConceptScore W1934343830C2780421641 @default.
• W1934343830 hasConceptScore W1934343830C2989499966 @default.
• W1934343830 hasConceptScore W1934343830C34447519 @default.
• W1934343830 hasConceptScore W1934343830C41895202 @default.
• W1934343830 hasConceptScore W1934343830C510755694 @default.
• W1934343830 hasConceptScore W1934343830C54750564 @default.
• W1934343830 hasConceptScore W1934343830C73283319 @default.
• W1934343830 hasConceptScore W1934343830C84265765 @default.
• W1934343830 hasConceptScore W1934343830C87717796 @default.
• W1934343830 hasLocation W19343438301 @default.
• W1934343830 hasOpenAccess W1934343830 @default.
• W1934343830 hasPrimaryLocation W19343438301 @default.
• W1934343830 hasRelatedWork W1548151906 @default.
• W1934343830 hasRelatedWork W1552626419 @default.
• W1934343830 hasRelatedWork W1576279283 @default.
• W1934343830 hasRelatedWork W1586875210 @default.
• W1934343830 hasRelatedWork W2346545061 @default.
• W1934343830 hasRelatedWork W2530250203 @default.
• W1934343830 hasRelatedWork W2606096020 @default.
• W1934343830 hasRelatedWork W2735766586 @default.
• W1934343830 hasRelatedWork W2758184411 @default.
• W1934343830 hasRelatedWork W3123296442 @default.
• W1934343830 hasRelatedWork W3123567933 @default.
• W1934343830 hasRelatedWork W3123575084 @default.
• W1934343830 hasRelatedWork W3124422067 @default.
• W1934343830 hasRelatedWork W3124669843 @default.
• W1934343830 hasRelatedWork W3125272105 @default.
• W1934343830 hasRelatedWork W3153853331 @default.
• W1934343830 hasRelatedWork W3164817106 @default.
• W1934343830 hasRelatedWork W3168607968 @default.
• W1934343830 hasRelatedWork W47422192 @default.
• W1934343830 hasRelatedWork W3122805708 @default.
• W1934343830 isParatext "false" @default.
• W1934343830 isRetracted "false" @default.
• W1934343830 magId "1934343830" @default.
• W1934343830 workType "article" @default.