Tatom, John (2010): Financial Legislation: The Promise and Record of the Financial Modernization Act of 1999.
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On November 12, 1999, President Clinton signed the most significant piece of financial services regulation to be enacted since the Great Depression, at least up to that time. When the Financial Service Modernization Act of 1999, better known as the Gramm-Leach-Bliley Act (GLBA), was signed, the financial services industry faced strong pressures for deregulation of the rigid structure imposed during the Great Depression. During the 2007-08 financial crises and ensuing debate regarding financial services regulation, the GLBA became a target as members of the financial sector, academia and government considered possible triggers that may have precipitated the crisis.
|Item Type:||MPRA Paper|
|Original Title:||Financial Legislation: The Promise and Record of the Financial Modernization Act of 1999|
|Keywords:||Glass-Steagall Act, Dodd-Frank Act, financial regulation, financial crisis.|
|Subjects:||K - Law and Economics > K2 - Regulation and Business Law > K20 - General
G - Financial Economics > G1 - General Financial Markets > G18 - Government Policy and Regulation
E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E50 - General
|Depositing User:||John Tatom|
|Date Deposited:||27. Aug 2010 07:49|
|Last Modified:||08. Jan 2014 04:01|
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