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Forum Post: Our regulators can beat yours?

Posted 1 year ago on Nov. 10, 2012, 11:16 a.m. EST by brightonsage (4494)
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United States

U.S. Securities and Exchange Commission (SEC)
Financial Industry Regulatory Authority (FINRA)
Commodity Futures Trading Commission (CFTC)
Federal Reserve System ("Fed")
Federal Deposit Insurance Corporation (FDIC)
Office of the Comptroller of the Currency (OCC)
National Credit Union Administration (NCUA)
Office of Thrift Supervision (OTS)

Financial Services Authority (FSA), United Kingdom

Financial Services Agency (FSA), Japan

Federal Financial Supervisory Authority (BaFin), Germany

Autorité des marchés financiers (France) (AMF), France

Monetary Authority of Singapore (MAS), Singapore

Swiss Financial Market Supervisory Authority (FINMA), Switzerland

How many agencies does it take to change a light bulb?

10 Comments

10 Comments


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[-] 1 points by DKAtoday (26518) from Coon Rapids, MN 1 year ago

One thing with the multiple regulators in the USA - and the economic meltdown anyway and the no criminal charges anyway - and the no changes to the system to stop a continuance of economic failure - aren't they all a failure?

[-] 1 points by brightonsage (4494) 1 year ago

Well, there are degrees of failure just like degrees of success.

[-] 1 points by DKAtoday (26518) from Coon Rapids, MN 1 year ago

Well perhaps it is because this current failure is so huge and glaring - Hey?

Perhaps the regulators sank and drowned when the economic iceberg holed the USA?

[-] 1 points by brightonsage (4494) 1 year ago

Maybe it is because to too many regulators not too many regulations. The implied point is that other countries have them in one organization we have them spread out all over and they are so stove piped that they can't correlate information from multiple sources.

[-] 1 points by DKAtoday (26518) from Coon Rapids, MN 1 year ago

Could also have something to do with their funding/budget being cut.

[-] 1 points by brightonsage (4494) 1 year ago

Could be. However, if the congressmen didn't organize government so there were the maximum number departments so there would be committees for them to be on...

[-] 2 points by DKAtoday (26518) from Coon Rapids, MN 1 year ago

Sorry - lost me on that one.

[-] 1 points by brightonsage (4494) 1 year ago

Looking at the list, the US has a bunch of separate agencies dealing with the financial community while the foreign countries are regulated by a single agency. Much of the reason is so Congressmen can be the chairman of the ___ committee.

[-] 1 points by DKAtoday (26518) from Coon Rapids, MN 1 year ago

AHhhh - gotcha. Yeah something they can write home to their constituents about.

Well there is an awful lot wrong in government and it ain't gonna get fixed without the people getting involved.

[-] 1 points by richardkentgates (3269) from Fort Walton Beach, FL 1 year ago

no context