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This essay reviews differences in regulatory structure across sectors of the financial services industry in the United States and then explores the difficulties these differences pose to our current system of regulation and also to proposals for financial modernization.
Berry predicts that the financial modernization law will eventually bring down fees and commissions.
If we look back on financial modernization it becomes readily apparent that what we've seen so far is more complex than both sides claim.
The 40-year dominance of his thinking over China's economic landscape may be why many Western observers have linked its openness with financial modernization.
2017 may prove an important inflection point in Indian financial history as the world's largest democracy set the stage for financial modernization with two bold policy implementations.
Opponents of the financial modernization law enacted last week, which permits cross-ownership of U.S. banks, brokerages and insurance companies, argue that the outcome will be fewer competitors and higher fees and commissions.
Similar(46)
"The attached memorandum asks you to authorize Treasury to proceed to announce and submit their financial services modernization proposal," writes Sperling.
Judge Ellen Segal Shuzelle of the United States District Court for the District of Columbia denied a challenge to the Federal Trade Commission's regulations interpreting of the consumer privacy protection measures in the Gramm-Leach-Bliley financial services modernization bill.
For years, Mr. Schumer has been a proponent of financial services modernization and, like Mr. D'Amato, has long enjoyed the financial support of Wall Street and New York banks in his campaigns.
"From health care to financial services modernization, the business community likes Hastert because he's a hands-on kind of guy". But watchdog groups say Hastert's tactics reflect what they call the regrettable way things are done in Washington.
But a new strategy has emerged: Industry leaders who back the measure, and those who are leaning toward supporting it, are being encouraged by Banking Committee members to resolve their differences as a way of pressing Mr. Greenspan and Mr. Rubin -- neither of whom is eager to be seen as the obstacle to financial services modernization.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com