The Cost of Financial Regulation in The United States of America: A Study of Operational Impact on Banks

Ngo, Kevin Stefan (2013) The Cost of Financial Regulation in The United States of America: A Study of Operational Impact on Banks. [Dissertation (University of Nottingham only)]

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Abstract

The banking system in the United States of American is a critical element of world economy.

History has shown that if U.S. banks were left to their own devices the result would be

turmoil in the global marketplace. Politicians, businesses, consumers and society as a whole

agree that some system of checks and balances in the form of regulation is required to

subdue a bank’s profit maximize motivates. This paper examines the relationship between

the cost of regulatory compliance and a bank’s operating functions by providing empirical

evidence through both traditional and non‐traditional approaches. Each approach gathers

data from publically available 10‐K Annual disclosures and regulatory financial reports to

determine if and how a bank holding company’s operating functions are affected by

regulatory shocks in the form of Dodd–Frank Wall Street Reform and Consumer Protection

Act rulings and to a lesser extent the Basel Accords. The study focuses primarily on the

periods between 2007 to 2012, which coincide with the period leading up to the 2008

Global Financial Crisis and the subsequent actions by the U.S. government to prevent future

crises through the passing of Dodd‐Frank into law on July 12th, 2010.

Item Type: Dissertation (University of Nottingham only)
Depositing User: Library Services, UNMC
Date Deposited: 26 Dec 2014 08:00
Last Modified: 26 Dec 2014 08:01
URI: http://eprints.nottingham.ac.uk/id/eprint/27812

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