Which bank regulatory agency has the sole regulatory authority over bank holding companies?

Question

Quizplus · Accepted Answer

The Federal Reserve System has exclusive regulatory authority over bank holding companies under the Bank Holding Company Act of 1956. This includes approving mergers and acquisitions, enforcing capital requirements, and conducting regular examinations to ensure compliance with regulations. The other agencies listed (FDIC, Comptroller of the Currency, and Federal Bank Holding Company Agency) have regulatory authority over certain aspects of banks, but not specifically over holding companies.

Which Bank Regulatory Agency Has the Sole Regulatory Authority Over