Mike Potter

An Exploration of Effectiveness in the Regulation of Federal Depository Institutions, 1989-2008 (eBook, PDF)

Striving for Balance

• Format: PDF

Produktbeschreibung

Financial services regulators are tasked with balancing the conflicting roles of empowering and policing their regulated communities. In order to be effective, agencies must be able to accomplish both tasks. This analysis examines several determinants of effectiveness among U.S. bank regulators. Using statistical and narrative analyses, it examines factors that have contributed to the regulatory effectiveness of the National Credit Union Administration, Office of the Comptroller of the Currency, and Office of Thrift Supervision. The study focused on the relationships between regulatory ability to prevent failures and influences including agency longevity, ability to manage complexity, appointee and staff qualities, mission stability, regulatory style, and resources. Agency longevity and resources had the greatest impact on effectiveness among the cases that were examined. Additionally, this study proposes a typology that suggests that more effective regulators are able to balance information from their regulated communities with a public interest orientation. This allows them to have current information regarding emerging regulatory issues but also to avoid becoming too reliant on their supervised institutions for information. By not being overly reliant or out of touch with their regulated communities, agency can better foster regulatory resiliency.

Produktdetails

• Verlag: Bloomsbury eBooks US
• Seitenzahl: 144
• Erscheinungstermin: 19. September 2013
• Englisch
• ISBN-13: 9798216320227
• Artikelnr.: 74843955

Autorenporträt

Mike Potter is assistant professor at Appalachian State University. He worked for the West Virginia State Legislature and the American Bankers Association. He holds a Ph.D. in Public Administration and Public Affairs from the Center for Public Administration and Policy at Virginia Tech. He has published articles in Administration & Society. His research interests include ethics and financial services policy.

Inhaltsangabe

Chapter 1: Introduction Statement of the Problem Figure 1.1: Total Assets
Under Supervision, 1998 through 2008 Figure 1.2: Mentions in the
Congressional Committee Reports by Agency, 1995 through 2008 Research
Question Regulatory Effectiveness Figure 1.3: Failure Rates Expressed as
Percentage of Regulated Institutions by Agency, 1998 through 2008
Understanding Bank Failure: The Case of Superior Bank Agency Relationships
with their Regulated Communities Figure 1.4 Ideal Regulatory Agency
Policymaking Understanding Self-funding and Charter Competition Overview of
Study Chapter 2: The Challenge of Distilling and Examining a Theory of
Regulatory Effectiveness Table 2.1: Selected Scholarship on Regulatory
Effectiveness Working Model of Regulatory Effectiveness Figure 2.1: Working
Model of Regulatory Effectiveness Regulatory Effectiveness Propositions
Study Design Table 2.2: Agency Comparison The Agencies National Credit
Union Administration Office of Thrift Supervision Office of the Comptroller
of the Currency Other Regulators Operationalizations, Data, and Data
Analysis Table 2.3: Empirical Examination: Concepts, Variables, and Data
Sources Chapter 3: The Impact of Agency Longevity on Financial Services
Regulatory Effectiveness Table 3.1: Relationships Between Longevity and
Financial Resources by Agency Overview of the Statistical Models Agency
Longevity and Failures Table 3.2: Impact of Agency Age on Failures of
Regulated Institutions Conclusion Chapter 4: The Impact of Ability to
Manage Political Complexity, Front-line Employees, and Political Appointee
Turnover on Regulatory Effectiveness Congressional Attention and Front-line
Staff Table 4.1: Impact of Congressional Attention and Percentage of
Examiners on the Failures of Regulatory Institutions Congressional
Attention Figure 4.1: Congressional Testimony by Agency, 1999 through 2008
Table 4.2: Relationships Between Congressional Attention and Effectiveness
Front-line Staff Figure 4.2: Percentages of Examiners by Agency, 1998
through 2008 Table 4.3: Ratios of Examiners per Regulated Institutions by
Agency, 1998 to 2008 A Narrative Analysis of Political Appointee Turnover
Table 4.4: NCUA Political Appointees, 1989 through 2008 Table 4.5: OTS
Political Appointees, 1989 through 2008 Table 4.6: OCC Political
Appointees, 1989 through 2008 Figure 4.3: Number of Changes in Political
Appointees by Agency, 1989 through 2008 Table 4.7: Relationships between
Political Turnover and Effectiveness by Agency Conclusion Chapter 5: Impact
of Mission Stability, Regulatory Style, and Financial Resources on
Regulatory Effectiveness Mission Stability NCUA OTS Figure 5.1: Mentions in
the Congressional Record by Agency, 1989 through 2008 OCC Figure 5.2:
Number of Changes in Mission by Agency, 1989 through 2008 Table 5.1:
Mission Changes and Regulatory Effectiveness Regulatory Style Non-legal
Interventions Legal Interventions Figure 5.3: Annual Legal Intervention
Percentage by Agency, 1998 through 2008 Figure 5.4: Enforcement Rates as
Percentages of Regulated Institutions by Agency, 1998 through 2008
Resources Figure 5.5: Budgets by Agency, 1995 through 2008 (in $2011)
Figure 5.6: OCC, OTS, and NCUA Budget per Institution Regulated (in $2011)
Table 5.2: Relationships Between Resources and Effectiveness Table 5.3:
Impact of Mission Stability, Regulatory Style and Resources on Regulated
Institutions General Discussion of Findings Conclusion Chapter 6:
Conclusions Summary of Key Findings Figure 6.1 Revised Working Model of
Regulatory Effectiveness Normative Reflections Figure 6.2: Regulatory
Agency Policymaking Future Research Conclusions References