Financial Services Modernization: The Gramm-Leach-Bliley Act

Topics:
Commercial Banking
Tags:
Finance,
Financial Planning,
Financial Service,
Financial Services,
Financing Startups,
Government,
Gramm-Leach-Bliley Act,
Law,
Regulations
Source:
Squire, Sanders & Dempsey

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Overview: The Gramm-Leach-Bliley Act, enacted into law on November 12, 1999, and colloquially referred to as the "Financial Services Reform Act of 1999," tears down barriers between the banking, insurance and securities businesses. The legislation also establishes a framework for functional regulation of these financial industries and redefines the relative roles of federal and state governments and of federal agencies in regulating financial services. This White Paper focuses on the selected provisions of the new law that affect commercial banks and bank holding companies. This White Paper does not examine all aspects of the new law, but only those that we believe may have strategic significance to management.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 73KB | Date: Nov 1999 | Pages: 14

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