Financial Services Modernization Act (1999)

Financial Services Modernization Act (1999)
= Gramm-Leach-Bliley Act
Legislation enacted in the USA that removed the restrictions on banks undertaking securities business that had been imposed by the Glass-Steagall Act (1933). It also empowered companies to set up financial holding companies to supply banking, insurance, and investment services.

Big dictionary of business and management. 2014.

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  • Financial Services Modernization Act (1999) — Gramm Leach Bliley Act Legislation enacted in the USA that removed the restrictions on banks undertaking securities business that had been imposed by the Glass Steagall Act (1933). It also empowered companies to set up financial holding companies …   Big dictionary of business and management

  • Financial Services Modernization Act of 1999 — Gramm Leach Bliley Act (GLBA) USA Also known as the Financial Services Modernization Act of 1999. The GLBA repealed provisions of the Banking Act of 1933 (Glass Steagall Act) which prohibited one institution from acting as an investment bank,… …   Law dictionary

  • Financial Services Modernization Act — Gramm Leach Bliley Act Financial Services Modernization Act de 1999 Le Gramm Leach Bliley Act Financial Services Modernization Act de 1999 est une loi américaine votée par le Congrès, dominé par une majorité républicaine, et promulguée par l… …   Wikipédia en Français

  • Financial Services Modernization Act Of 1999 — A law that works to partially deregulate the financial industry. The Financial Services Modernization Act of 1999 allows companies working in the financial sector to integrate their operations and invest in each others businesses and consoldiate …   Investment dictionary

  • Gramm-Leach-Bliley Act Financial Services Modernization Act de 1999 — Le Gramm Leach Bliley Act Financial Services Modernization Act de 1999 est une loi américaine votée par le Congrès, dominé par une majorité républicaine, et promulguée par l administration Clinton le 12 novembre 1999. Elle met en place… …   Wikipédia en Français

  • financial holding company — USA Financial holding companies are entities created by the Financial Services Modernization Act of 1999 (Also known as the Gramm Leach Bliley Act (the Act)) that may engage in a broader range of financial activities than previously allowed. Such …   Law dictionary

  • 1999 — Cette page concerne l année 1999 (MCMXCIX en chiffres romains) du calendrier grégorien. Années : 1996 1997 1998  1999  2000 2001 2002 Décennies : 1960 1970 1980  1990  2000 2010 2020 Siècles  …   Wikipédia en Français

  • Commodity Futures Modernization Act of 2000 — The Commodity Futures Modernization Act of 2000 (CFMA) is United States federal legislation that officially ensured the deregulation of financial products known as over the counter derivatives. It was signed into law on December 21, 2000 by… …   Wikipedia

  • Glass-Steagall Act (1933) — US legislation that separated commercial banking and securities operations by banks. It was introduced in the aftermath of the great stock market crash of 1929 to lessen the likelihood of such panics occurring again. It has been extensively… …   Big dictionary of business and management

  • Glass-Steagall Act (1933) — US legislation that separated commercial banking and securities operations by banks. It was introduced in the aftermath of the great stock market crash of 1929 to lessen the likelihood of such panics occurring again. It has been extensively… …   Big dictionary of business and management

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