United States: Publication of Financial Sector Assessment Program Documentation: Financial System Stability Assessment

International Monetary Fund

No 2010/247, IMF Staff Country Reports from International Monetary Fund

Abstract: Though The United States has experienced a devastating financial crisis owing to multifaceted factors, it started showing recovery. The authorities welcomed the program, which included strengthening microprudential regulation, establishing macroprudential responsibilities, strengthening market discipline, and reforming credit policies. They emphasized the need to establish a council of regulatory agencies such as the Federal Reserve and the Treasury, with a mandate for financial stability. They stressed the need to enhance crisis management, resolution, and systemic liquidity arrangements, and also to address too-big-to-fail issues and the future of the government-sponsored enterprises (GSEs).

Keywords: ISCR; CR; state Fed-member banks; Fed lending; thrift; Fed chairman; FDIC guarantee; state thrift; thrift supervision; Loans; Securities; Commercial banks; Insurance; Europe; Global (search for similar items in EconPapers)
Pages: 52
Date: 2010-07-30
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Citations: View citations in EconPapers (9)

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