Exact(12)
As a member of the Board, he oversaw the Central Bank's prudential oversight responsibilities, including regulation of financial institutions.
More "prudential oversight" of banks was called for, but no specific proposals were offered on how the oversight or increased disclosure would occur.
At the height of the crisis, Mr. Bernanke lobbied for the Fed to take on the prudential oversight of too-big-to-fail financial institutions; it's now time for him to make full use of the Fed's expanded supervisory mandate.
The directive also put home-country supervisors in charge of prudential oversight while host-country regulators were to ensure that local bank branches, wherever their headquarters, observed local rules.In contrast, securities regulation and supervision across Europe are chaotic.
One example is the recent program of the Comptroller of the Currency to offer special national banking charters to fintech firms, which could bring some prudential oversight to this rapidly expanding sector.
I also hope that we will make progress with our joint reflection on the necessary reform of the required disclosure standards and levels of prudential oversight for financial firms.
Similar(48)
This supervisory system is supplemented by the new macro-prudential oversight institution, the European Systemic Risk Board ESRBB).
According to the founding regulations of the European Systemic Risk Board (ESRB), which is responsible for the macro-prudential oversight of the financial system within the European Union, the ECB provides the Secretariat for the ESRB, which gives analytical, statistical, logistical and administrative support.
The rule "is an important tool provided in Dodd-Frank for extending the perimeter of transparency, oversight and prudential supervision over parts of the financial system that can be a particularly important source of credit to the economy and potentially important source of risk," Mr. Geithner said during the 10-minute meeting.
Opponents counter that it will reduce choice and weaken oversight by splitting consumer and prudential supervision.
We agree to bring forward proposals to give the Bank of England control of macro-prudential regulation and oversight of micro-prudential regulation.
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