Читать книгу Financial Regulation and Compliance - Kotz H. David - Страница 10

The following describes the current federal financial regulatory structure, including the Agencies and the financial institutions they regulate. Federal Agencies regulate banking institutions, securities and futures exchanges, brokers, dealers, mutual funds, and investment advisers. Banking institutions are regulated by several Agencies, led by the Federal Reserve System (commonly referred to as “the Federal Reserve”), which regulates Federal Reserve Bank holding companies, financial holding companies, state banks that are members of the Federal Reserve System, U.S. branches of foreign banks, and foreign branches of U.S. banks.3 The Office of the Comptroller of the Currency (“OCC”) regulates national banks and U.S. federal branches of foreign banks. The Federal Deposit Insurance Corporation (“FDIC”) regulates federally-insured depository institutions, including state banks that are not members of the Federal Reserve System.4 The Office of Thrift Supervision (“OTS”) regulates federally chartered and insured thrift institutions and savings and loan holding companies.5 The National Credit Union Administration (“NCUA”) regulates federally-chartered or insured credit unions.6

Beyond the banking regulators, the Securities and Exchange Commission (“SEC”) regulates securities exchanges and brokers.7 Lastly, the Commodity Futures Trading Commission (“CFTC”) regulates futures exchanges and brokers.8