Judging the 1991 Reform Effort: Do U.S. Banks Have a Future?
This report evaluates the 1991 U.S. banking reform efforts and their effectiveness in preventing future financial crises.
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| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: | CATO Institute |
| Authors: | Catherine England |
| Geographic focus: | United States |
Methods
The research method involved a critical analysis of the banking industry's regulatory structure, historical data on bank failures, and the examination of legislative responses to financial crises. The author also reviewed proposals for reform and developed criteria to evaluate them.
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Key Insights
The report critically examines the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, questioning its ability to prevent a banking crisis similar to the savings and loan crisis of the 1980s. It discusses the increase in bank failures, the health of the Bank Insurance Fund, and the need for comprehensive reform. The paper outlines the fundamental problems of the banking industry, including regulatory structure, and proposes criteria for judging reform proposals, emphasizing the need for addressing federal deposit insurance, structural issues, and the creation of a more resilient banking system.
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Additional Viewpoints
Categories: English publication language | United States geographic scope | bank failures | banking reform | deposit insurance | economic impact | financial crisis | financial stability | industry health | policy evaluation | reform criteria | regulatory structure