The Financial Services Competitiveness Act of 1995: Joint Hearings Before the Subcommittee on Telecommunications and Finance and the Subcommittee on Commerce, Trade, and Hazardous Materials of the Committee on Commerce, House of Representatives, One Hundred Fourth Congress, First Session, on H.R. 1062, June 6 and 8, 1995, Volume 4U.S. Government Printing Office, 1995 - 322 páginas |
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allow banks amend ance assets authority bank affiliates Bank Holding Company bank insurance bank's banking and securities banking organizations banking regulators bill Bliley broker-dealer brokerage capital Chairman cial commercial paper Commission Committee competitive Comptroller concerns conduct Congress consumer Corporation customers deposit insurance depository institutions DINGELL disclosure engage entity exempt FDIC Federal Reserve Board financial institutions financial services holding firewalls functional regulation Glass-Steagall Act insurance agents insurance companies insurance funds insurance products insurance regulation insured bank investment banking Investment Company Investment Company Institute investors issue JONES legislation licensing limited loans marketplace McCarran-Ferguson Act money market funds mutual fund NASAA NASD national banks nonbanking oversight OXLEY percent permit prohibit protection question regu regulatory requirements restrictions risk safety and soundness securities activities securities affiliate securities firms sell insurance services holding company SIDD structure surance testimony Thank tion transactions underwriting uninsured
Passagens conhecidas
Página 127 - A member, in the conduct of his business, shall observe high standards of commercial honor and just and equitable principles of trade.
Página 66 - Of which a majority of its directors, trustees, or other persons exercising similar functions are directors of any one member bank. (c) The term "holding company affiliate...
Página 65 - The affiliate conducts business pursuant to independent policies and procedures designed to inform customers and prospective customers of the affiliate that the affiliate is a separate organization from the bank and that investments recommended, offered or sold by the affiliate are not bank deposits, are not insured by the FDIC, and are not guaranteed by the bank nor are otherwise obligations of the bank.
Página 151 - The business of insurance, and every person engaged therein, shall be subject to the laws of the several States which relate to the regulation or taxation of such business.
Página 41 - I would like to submit my written statement for the record and just briefly summarize it.
Página 67 - Bank Holding Company Act of 1956". DEFINITIONS SEC. 2. [12 USC 1841] (a)(l) Except as provided in paragraph (5) of this subsection, "bank holding company" means any company which has control over any bank or over any company that is or becomes a bank holding company by virtue of this Act.
Página 67 - Islands, which both— (i) accepts demand deposits or deposits that the depositor may withdraw by check or similar means for payment to third parties or others; and (ii) is engaged in the business of making commercial loans. (2) EXCEPTIONS.— The term "bank...
Página 66 - ... at the preceding election, or controls in any manner the election of a majority of its directors, trustees, or other persons exercising similar functions...
Página 128 - Banks can serve as investment advisers to mutual funds without registering under the Investment Advisers Act of 1940. As a result of this loophole, shareholders in mutual funds advised by banks, unlike their counterparts in other mutual funds, do not receive the protections of that Act's provisions, including those related to the recordkeeping and inspections by the SEC and those restricting performancebased fees and agency cross-transactions.
Página 176 - The Investment Company Institute is the national association of the American investment company industry. Its membership includes 7,576 open-end investment companies ("mutual funds"), 479 closed-end investment companies and 8 sponsors of unit investment trusts.