STABILNOŚĆ I BEZPIECZEŃSTWO SYSTEMU FINANSOWEGO USA W KILKA LAT PO WEJŚCIU W ŻYCIE USTAWY DODDA-FRANKA

Wojciech Kwiatkowski

doi:10.21697/zp.2017.17.3.04

Published: 2018-03-15

Vol. 17 No. 3 (2017)

The Stability and Security of the US Financial System a Few Years after the Dodd-Frank Act

Wojciech Kwiatkowski

Zeszyty Prawnicze

Section: Artykuły

https://doi.org/10.21697/zp.2017.17.3.04

Abstract

Summary

This article discusses the core issues relating to the Dodd-Frank Act of 2010, which was passed to ensure the stability of the financial sector in the United States. Special attention is paid to two new legal mechanisms. Te first relates to the rules and procedures under which the Financial Stability Oversight Council (FSOC) may consider a non-banking finance company important for the stability of the US financial sector. In such a situation the US Central Bank may initiate “supplementary supervision.” The second mechanism involves the controlled liquidation procedure of a financial company which the FSOC considers could disturb the stability of the US financial system.

Keywords:

the US fnancial system, systemic risk, the Financial Stability Oversight Council (FSOC), the Dodd-Frank Act.

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Kwiatkowski, W. (2018). The Stability and Security of the US Financial System a Few Years after the Dodd-Frank Act. Zeszyty Prawnicze, 17(3), 115–134. https://doi.org/10.21697/zp.2017.17.3.04

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