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主题:有谁能讲一下那些投行是如今怎么实现盈利的吗 -- 领班军机

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家园 关于美国金融体系/美联储改革的一些新消息:

参议院民主党议员多德(Christopher Dodd)于10日提交了一份比奥巴马政府的版本更为彻底的监管改革提案。该提案将会剥夺美联储(Fed)的权力,转而设立一个单一的银行业监管机构。

  面对此种情况,美联储已采取多项举措改善其公众形象,其中就包括近来数月在消费者保护方面的新动作。美联储近期宣布取消某些其认为存在不公平和欺诈现象的按揭贷款和信用卡费用。

美联储理事杜德利(William Dudley)称,央行与巴塞尔委员会制定的改革计划将通过长期努力保护金融体系免遭资金短缺威胁。杜德利强调,流动性问题是这一轮危机的核心所在,但此类融资威胁不可能或不会消除,但当前的改革方案可以显著降低导致近期危机的各种流动性风险。同时,杜德利还指出,金融业的结构缺陷导致了危机的爆发,促使美国陷入严重衰退。

  杜德利14日讲话既未明确讨论华盛顿正在酝酿的金融业监管改革草案,也未提及最近国会议员对美联储职能的热烈辩论。但称,美联储在金融体系内推出的应急信贷项目已经避免了该体系的整体危机,且美联储正继续与私营部门合作支撑三方体制,尽管具体机制尚需调整。

南方有嘉木:【编辑】美国经济周报十一月(二)

3. Throughout the fall, lawmakers in the House have been drafting and reworking legislation to reform the financial system. Senate Democrats weighed in last week with a plan that is stronger than the House bills on aspects of derivatives regulation and consumer protection. It also invites healthy debate on other issues, like the role of the Federal Reserve in a reformed system.

But the proposal, created by Senator Christopher Dodd, the chairman of the banking committee, is just a draft. Senators will have to stand up to pressure from banking and business lobbies, which surely will try to weaken the beneficial parts of the plan as it makes its way through the legislative process.

THE FED The House and the administration propose new bank regulatory powers for the Fed. But they have not called for the changes needed in the clubby and secretive Fed system for the central bank to exercise its new powers in an unbiased and transparent way. The Dodd plan pulls in the opposite direction. It would strip the Fed of regulatory powers, even though Fed supporters say that such powers are central to the Fed’s ability to make informed decisions about the economy.

None of the proposals have yet to strike a workable balance, but Mr. Dodd is right not to blindly accept the notion that the Fed has the expertise and willingness to regulate, when such expertise and willingness were manifestly absent in the run-up to the crisis.

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