The Financial Services Modernization Act of 1999
A) stipulates that a financial services holding company that engages in commercial banking, investment banking, and insurance activities will be functionally regulated.
B) allows bank holding companies to open insurance underwriting affiliates.
C) requires banks that underwrite and sell insurance to operate under the same set of state regulations as insurance companies.
D) All of the above.
E) Answers A and B only.
Correct Answer:
Verified
Q64: This legislation defines a bank as any
Q65: As of the end of 2012, the
Q66: The Pecora Commission's findings about the 1929
Q68: Permissible section 20 subsidiary activities include
A)insurance activities.
B)hedging.
C)factoring.
D)extensions
Q68: Which of the following has proven to
Q69: This legislation restricts insurance companies from owning
Q71: The economic value of narrowly defined bank
Q74: The banking industry in the U.S. has
Q79: A disadvantage to international bank expansion is
Q80: International expansion often produces revenue-risk diversification benefits
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents