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Unformatted text preview: Bank Holding Companies (BHC)
http://www.ffiec.gov/nicpubweb/nicweb/Top50Form.aspx A. 1970 Amendments to Bank Holding Company Act
1. Permits BHC to enter non-banking activities
2. Permits BHC to acquire banks in different states B. Financial Services Modernization Act (1999)
1. Repeals Glass-Steagal Act (1933)
Permits affiliations with Insurance and Brokerage firms
Engage in any financial activity via subsidiaries of BHC 1. Most important – cleared way for consolidation of
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All Rights Reserved Dr David P Echevarria 3 BALANCE SHEET REGULATIONS
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This document was uploaded on 02/11/2014.
- Fall '09