LEADER 03769nam 2200601 a 450 001 9910812076103321 005 20240516064302.0 010 $a1-118-01492-8 010 $a1-282-94419-3 010 $a9786612944192 010 $a1-118-01490-1 035 $a(CKB)2670000000061022 035 $a(EBL)699498 035 $a(OCoLC)698167477 035 $a(SSID)ssj0000440116 035 $a(PQKBManifestationID)12154810 035 $a(PQKBTitleCode)TC0000440116 035 $a(PQKBWorkID)10469404 035 $a(PQKB)10522402 035 $a(MiAaPQ)EBC699498 035 $a(Au-PeEL)EBL699498 035 $a(CaPaEBR)ebr10441454 035 $a(CaONFJC)MIL294419 035 $a(EXLCZ)992670000000061022 100 $a20101004d2011 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe new financial deal $eunderstanding the Dodd-Frank Act and its (unintended) consequences /$fDavid Skeel 205 $a1st ed. 210 $aHoboken, N.J. $cWiley$dc2011 215 $a1 online resource (242 p.) 300 $aDescription based upon print version of record. 311 $a0-470-94275-4 320 $aIncludes bibliographical references (p. 205-210) and index. 327 $aThe corporatist turn in American regulation -- The Lehman myth -- Geithner, Dodd, Frank, and the legislative grinder -- Derivatives reform : clearinghouses and the plain-vanilla derivative -- Banking reform : breaking up was too hard to do -- Unsafe at any rate -- Banking on the FDIC (resolution authority I) -- Bailouts, bankruptcy, or better? (resolution authority II) -- Essential fixes and the new financial order -- An international solution?. 330 $a"What can we expect from our era's New Deal? To answer this question, The New Financial Deal will begin with an inside account of the legislative process, then outline and access its key components: the new framework for regulating derivatives, the regulation of banking and systemic risk, and the new resolution regime. It will explain the implications of the new framework, and propose correctives that would better align its ostensible objectives--such as preventing future bailouts--with the new regulatory structure. The legislation's key theme is government partnership with and regulation of large concentrated institutions in order to reduce their risk and manage their failure. In place of the decentralized pre-crisis regulation of derivatives, the new legislation will require that most derivatives be cleared through a clearing house and traded on exchanges. The stability of the derivatives market will therefore depend on a small number of potentially enormous clearing houses. For large financial institutions that encounter financial distress, the legislation gives bank regulators sweeping new authority to step in and take over the institution. Regulators, rather than negotiations among the parties themselves, will determine the outcomes. These epochal reforms are posed to change Wall Street forever, but whether they help to regulate supermarket banks or create even more moral hazard is worthy of serious debate."--$cProvided by publisher. 606 $aFinancial services industry$xLaw and legislation$zUnited States 606 $aFinancial institutions$xLaw and legislation$zUnited States 615 0$aFinancial services industry$xLaw and legislation 615 0$aFinancial institutions$xLaw and legislation 676 $a346.73/08 686 $aBUS000000$2bisacsh 700 $aSkeel$b David A.$f1961-$01631411 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910812076103321 996 $aThe new financial deal$93970183 997 $aUNINA