Financial Services Restructuring
Cross-Ownership of Banking, Securities, and Insurance Interests
Excerpt
In November, President Clinton signed into law financial modernization legislation that permits affiliations among financial services firms and provides a framework for government oversight of the new conglomerates.
In This Issue
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Foreword
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Legislative Background
Recent Action on Financial Restructuring Legislation
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Banking in America
Evolution of the Current System
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Banking Laws
Major Statutes Affecting the Industry
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Financial Services Legislation
Background and Issues for Debate
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Conference Report Summary
Major Provisions of the Gramm-Leach-Bliley Act
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Pro & Con
Should the Senate Approve S. 900, the Financial Services Modernization Act?
