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Post-Crisis Regulation of Foreign Banking Organizations in the USA
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Post-Crisis Regulation of Foreign Banking Organizations in the USA
Annotation
PII
S032120680002704-8-1
DOI
10.31857/S032120680002704-8
Publication type
Article
Status
Published
Authors
Oksana Bogaevskaya 
Occupation: Candidate of Sciences (Economics), Senior Research Fellow at the Center for North American Studies, IMEMO RAS
Affiliation: Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO)
Address: Russian Federation, Moscow
Vasilisa Kulakova
Occupation: Candidate of Sciences (Political), Senior Research Fellow at the Center for North American Studies, IMEMO RAS
Affiliation: Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO)
Address: Russian Federation, Moscow, 23, Profsoyuznaya st., Moscow, 117997, Russian Federation
Edition
Issue 12
Pages
86-98
Abstract

The article examines regulation of foreign banking organizations on the U.S. territory after the 2008-2009 crisis. During B. Obama's presidency U.S. adopted a more stringent set of banking rules in its national jurisdiction, compared to international norms of Basel III. Under D. Trump financial regulators have set forth plans to normalize this imbalance. Moreover, the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 had even further aggravated disparity having created a possible competitive disadvantage for foreign banks. The authors come to the conclusion that this pendulum is a mechanism of promoting American leadership in the global economy and finance.

Keywords
financial reform, banking regulation, Federal Reserve System, Dodd-Frank Act, Crapo Act, Basel III, foreign banking organizations, bank capital, liquidity, reserves
Received
06.11.2018
Date of publication
07.12.2018
Number of purchasers
10
Views
1519
Readers community rating
0.0 (0 votes)
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References

1. Kirichenko E. ., otv. red., 2016. Sotsial’no-ekonomicheskoye razvitiye SShA: potentsial I vyzovy // SShA: vozmozhnosti i predely ekonomicheskogo i politicheskogo liderstva. / T. 1, Moskva, IMEMO RAN, 240 p. [Kirichenko E. V., editor, 2016. USA: Prospects and Limitations of Economic and Political Leadership, Vol., 1, Moscow, IMEMO RAS, 240 p.].

2. Kulakova V.K., 2017. Finansovoye regulirovaniye v SShA pri novom prezidente D. Trampe // Den’gi I Kredit, No 10, p. 57-63 [Kulakova V.K., 2017. Finance Regulation in the USA under President D. Trump].

3. Moschella M., Tsingou E., editors, 2013. Great Expectations and Slow Transformations: Incremental Change in Post-Crisis Regulation (Studies in European Political Science). Colchester, 240 p.

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