IDEAS home Printed from https://ideas.repec.org/p/fip/fedcwp/0807.html
   My bibliography  Save this paper

Historical review of “umbrella supervision” by the Board of Governors of the Federal Reserve System

Author

Listed:
  • Mark B. Greenlee

Abstract

The article reviews legislative history and supervisory practices related to bank holding companies with a view toward understanding what Congress meant by referring to the Board of Governors of the Federal Reserve System as the ?umbrella supervisor? in the Gramm-Leach-Bliley Act. The first part of the article looks at the historical development of bank holding company law and regulation, which laid the foundation for the current practice of umbrella supervision. The second part of the article provides answers to questions related to the Board?s current role as umbrella supervisor: What does ?umbrella supervision? mean, and is it different from ?consolidated supervision?? How does the GLB Act limit the Board's authority and practice and when did the Board obtain all of the legal authority to allow it to practice umbrella supervision?

Suggested Citation

  • Mark B. Greenlee, 2008. "Historical review of “umbrella supervision” by the Board of Governors of the Federal Reserve System," Working Papers (Old Series) 0807, Federal Reserve Bank of Cleveland.
    • Handle: RePEc:fip:fedcwp:0807
    DOI: 10.26509/frbc-wp-200807
    as

    Download full text from publisher

    File URL: https://doi.org/10.26509/frbc-wp-200807
    File Function: Persistent link
    Download Restriction: no
    File URL: https://www.clevelandfed.org/-/media/project/clevelandfedtenant/clevelandfedsite/publications/working-papers/2008/wp-0807-historical-review-of-umbrella-supervision-by-the-board-of-governors-of-the-federal-pdf.pdf
    File Function: Full text
    Download Restriction: no
    File URL: https://libkey.io/10.26509/frbc-wp-200807?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yoo, Y. Emilie, 2013. "Financial regulation and supervision across business lines in the United States: Financial holding companies post Gramm-Leach-Bliley Act," IMFS Working Paper Series 76, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    2. Demyanyk, Yuliya & Loutskina, Elena, 2016. "Mortgage companies and regulatory arbitrage," Journal of Financial Economics, Elsevier, vol. 122(2), pages 328-351.

    More about this item

    Keywords

    Bank holding companies; Bank supervision; Gramm-Leach-Bliley Act; Banking law;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedcwp:0807. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: 4D Library (email available below). General contact details of provider: https://edirc.repec.org/data/frbclus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.