《现代化的金融监管架构蓝图》英文原文(pdf 212页)英对照

1、THEDEPARTMENTOFTHETREASURYBLUEPRINTFORAMODERNIZEDFINANCIALREGULATORYSTRUCTUREMarch2008THEDEPARTMENTOFTHETREASURYHenryM.Paulson,Jr.SecretaryRobertK.SteelUnderSecretaryforDomesticFinanceDavidG.NasonAssistantSecretaryforFinancialInstitutionsContributors:KellyAyersHeatherEtnerJohnFoley,IIIGerryHughesTimothyHuntKristenJaconiCharlesKlingmanC.ChristopherLedouxPeterNickoloffJeremiahNortonPhilipQuinnHeidilynneSchultheissMichaelScottJeffreyStoltzfoosMarioUgolettiRoyWoodallTABLEOFCONTENTSI.ExecutiveSummar。

2、y..............................................................................................................1TheNeedforReview.......................................................................................................................3Recommendations............................................................................................................................5Conclusion......................................................................................................。

3、...............................21II.Introduction.........................................................................................................................25III.HistoryoftheCurrentRegulatoryFramework...............................................................31BroadOverviewoftheU.S.FinancialServicesSector.................................................................31DepositoryInstitutionRegulationandHistory.....................................................................。

4、.........32FuturesRegulationandHistory.....................................................................................................44SecuritiesRegulationandHistory.................................................................................................52InsuranceRegulationandHistory..................................................................................................61IV.Short-TermRecommendations.........................................................................。

5、.................75President’sWorkingGrouponFinancialMarkets........................................................................75MortgageOrigination.....................................................................................................................78LiquidityProvisioningbytheFederalReserve.............................................................................83V.Intermediate-TermRecommendations...........................................................................。

6、..89ThriftCharter.................................................................................................................................89StateBankRegulation....................................................................................................................99PaymentandSettlementSystems................................................................................................100FuturesandSecurities.....................................................................。

7、.............................................106Insurance......................................................................................................................................126VI.TheOptimalRegulatoryStructure.................................................................................137RecommendationOverview.........................................................................................................137GeneralChoicesforReform.....................................。

8、...................................................................138OptimalStructure:AnObjectives-BasedRegulatoryStructure.................................................143MarketStabilityRegulator...........................................................................................................146PrudentialFinancialRegulator....................................................................................................157BusinessConductRegulator...................................。

9、.....................................................................170VII.Conclusion.........................................................................................................................183VIII.Appendix............................................................................................................................187AppendixA–FederalRegisterNotice........................................................................................187AppendixB–ReviewofPastTreasu。

10、ryandAdministrationRegulatoryReformReports.........197AppendixC–ExistingRegulatoryStructureforSubprimeMortgageOrigination....................207AppendixD–DescriptionsofSelectU.S.PaymentandSettlementSystems............................209AppendixE–CommodityFuturesModernizationActCorePrinciples.....................................215ChapterI:ExecutiveSummary1I.ExecutiveSummaryThemissionoftheDepartmentoftheTreasury(“Treasury”)focusesonpromotingeconomicgrowthandstabilityintheUnitedStates.Criticaltothi。