Deposit Accounts Under Revised Article 9
- Topics:
- Financial Regulations
- Tags:
- Banking,
- Banking Company,
- Finance,
- Financial,
- Financial Accounting,
- Financial Services,
- Fredrikson & Byron P.A.
- Source:
- Fredrikson & Byron P.A.
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Overview: The article says that before forming a financial holding company ("FHC") as allowed by the Gramm-Leach-Bliley Act, you should do a careful assessment of the benefits and risks of this new form of financial entity. An FHC allows expansion into non banking activities previously prohibited for banking organizations, but it may present capital, enforcement, and regulatory oversight risks. Most banking organizations assume that forming an FHC has no downsides. This may not necessarily be the case. Before forming an FHC, an organization should consider three potential risks listed in the article.
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Format: HTML | Date: Dec 2000 | Pages: 1
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