Banking supervision and regulation: possible changes as a consequence of the global financial crisis

Abstract

Banking supervision and regulation: Possible changes as a consequence of the global financial crisis Master Thesis Author: Bc. Jaroslav Mihok Supervisor: PhDr. Adam Geršl Ph.D. Academic Year: 2010/2011 Abstrakt Diplomová práca sa zaoberá nedávnou globálnou finančnou krízou a následnými reformami regulácie a dohľadu nad finančným trhom. Po analýze príčin krízy sú prezentované navrhovaná reformy. Reformy sú rozdelené do troch skupín. Prvá sa pozostáva z globálnych iniciatíva a všeobecných odporúčaní. Nasledujúce dve časti sú venované implementácii reforiem v Spojených štátoch a Európskej únii. Následne sú oba prístupy porovnané a podrobené kritickej analýze.

Banking supervision and regulation: Possible changes as a consequence of the global financial crisis Master Thesis Author: Bc. Jaroslav Mihok Supervisor: PhDr. Adam Geršl Ph.D. Academic Year: 2010/2011 Abstract The thesis is devoted to the analysis of recent global financial crisis and subsequent reform of the regulatory and supervisory framework. After the discussion of the causes of the crisis the proposed reforms are presented. The presentation of the reforms is divided into three parts. The first one consists of the global initiatives and general recommendations. Subsequent two parts focus on the specifics of the reforms in the United States of America and in the European Union. Afterwards the reforms are compared and subjected to the critical analysis. Key words: Dodd-Frank Act, De Larosière report, financial crisis, reform of the regulatory and supervisory framework