Who Regulates Whom? An Overview of U.S. Financial Supervision [April 21, 2010]   [open pdf - 403KB]

"To create a context for what follows, this report begins with basic analysis of systemic risk and capital regulation. The first section briefly discusses regulatory jurisdiction and systemic risk, and includes a chart listing the major regulators and the types of institutions they supervise. The chart also indicates certain emergency authorities available to the regulators, including those that relate to systemic financial disturbances. The second section focuses on capital requirements and how standards are set by bank, securities, and futures regulators. The next section provides a brief overview of each of the federal financial regulatory agencies. Because the current crisis is likely to provoke a serious reconsideration of the levels of capital that financial firms should be required to maintain as a cushion against insolvency, the capital standards that each agency applies to various classes of financial firms are also set out. Finally, the report discusses of several major areas of financial markets that are not subject to any federal regulation."

Report Number:
CRS Report for Congress, R40249
Public Domain
Retrieved From:
U.S. Dept. of State, Foreign Press Centers: http://fpc.state.gov/
Media Type:
Help with citations