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Gramm-Leach-Bliley Act
Gramm-Leach-Bliley Act

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!!! Overview
[{$pagename}] ([GLBA]) of [1999|Year 1999] is an [Act of Congress] codified in Pub.L. 106–102, 113 Stat. 1338, also known as the [Financial] Services Modernization Act of 1999, is an act of the 106th United States Congress (1999–2001).
[{$pagename}] repealed part of the Glass–Steagall Act of 1933, removing barriers in the market among banking companies, securities companies and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company. With the bipartisan passage of the Gramm–Leach–Bliley Act, commercial banks, investment banks, securities firms, and insurance companies were allowed to consolidate.
Furthermore, it failed to give to the [SEC] or any other [financial] regulatory agency the authority to regulate large investment bank holding companies. The legislation was signed into law by President Bill Clinton.
!! More Information
There might be more information for this subject on one of the following:
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* [#1] - [Gramm–Leach–Bliley_Act|Wikipedia:Gramm–Leach–Bliley_Act|target='_blank'] - based on information obtained 2016-07-27-
This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthorTop