| Publisher | Stradley Ronon Stevens & Young | ||
|---|---|---|---|
| Format | HTML | Date added | 29 Sep 2008 |
| Topics | Bank Management, Gramm-Leach-Bliley Act | ||
| Downloads | 164 | ||
The Gramm-Leach-Bliley Act, enacted into law on November 12, 1999, and colloquially referred to as the "Financial Services Reform Act of 1999," tears down barriers between the banking, insurance and securities businesses. The legislation also establishes a framework for functional regulation of these financial industries and redefines the relative roles of federal and state governments and of federal agencies in regulating financial services. This white paper focuses on the selected provisions of the new law that affect trust companies.
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