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Banking Approaches the Modern Era

Charles W. Calomiris

Title:
Banking Approaches the Modern Era
Author(s):
Calomiris, Charles W.
Date:
Type:
Articles
Department:
Business
Volume:
25
Permanent URL:
Book/Journal Title:
Regulation
Abstract:
The past two decades have seen a radical transformation of regulation controlling the size, location, and activities of U.S banks. Included in those changes are state-level reforms of branching barriers, relaxation of deposit interest rate ceilings, the passage of a nationwide bank-branching law in 1994, and the expansion of bank powers throughout the 1980s and 1990s. The reforms culminated in the passage of the Gramm-Leach-Bliley Act of 1999, which established financial holding companies-an alternative to more limited bank holding companies- as a platform for building the global, universal U.S. banks for the next generation.
Subject(s):
Banking
Item views:
158
Metadata:
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