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FINANCIAL SERVICES REFORM.
- Source :
- Harvard Journal on Legislation; Summer2000, Vol. 37 Issue 1, p579-592, 14p
- Publication Year :
- 2000
-
Abstract
- The article discusses the significance of the Gramm-Leach-Bliley Financial Modernization Act which was signed into law on November 12, 1999 in the U.S. The legislation lifts the 1933 Glass-Steagall Act and amends the 1956 Bank Holding Company Act. The Act establishes several safeguards designed to mitigate the adverse consequences that may arise from consolidation within the financial services industry. In addition, it restricts cross-marketing arrangements within Financial Holding Co. between the bank and non-financial subsidiaries. It is one of the highest profile pieces of legislation enacted.
Details
- Language :
- English
- ISSN :
- 0017808X
- Volume :
- 37
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Harvard Journal on Legislation
- Publication Type :
- Academic Journal
- Accession number :
- 31401570