The Financial Services Act of 1998--H.R. 10: Hearing Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Fifth Congress, Second Session, on H.R. 10 ... June 17, 18, 24, and 25, 1998 |
From inside the book
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Page vii
... Bill's Consumer Protections when Uninsured Investment or Insurance Products are Offered to Consumers Must Be Maintained ....... The Bill's Requirement that Banks Affiliated with Financial Holding Companies Offer Low - Cost Lifeline Bank ...
... Bill's Consumer Protections when Uninsured Investment or Insurance Products are Offered to Consumers Must Be Maintained ....... The Bill's Requirement that Banks Affiliated with Financial Holding Companies Offer Low - Cost Lifeline Bank ...
Page 3
... bill expands the Federal Home Loan Bank System without resolving that System's fundamental problems . We are in favor of a FHLB System that helps communities , but this bill would not curtail the System's use of subsidized capital to ...
... bill expands the Federal Home Loan Bank System without resolving that System's fundamental problems . We are in favor of a FHLB System that helps communities , but this bill would not curtail the System's use of subsidized capital to ...
Page 4
... bill reported out by the House Bank- ing Committee contained these safeguards , and then there is one additional safeguard that we would add that was not in the House Banking Committee bill . The safeguards are as follows : First ...
... bill reported out by the House Bank- ing Committee contained these safeguards , and then there is one additional safeguard that we would add that was not in the House Banking Committee bill . The safeguards are as follows : First ...
Page 5
... bill and financial modernization more gen- erally . I believe that these concerns should be addressed as fully as possible , both to have the best possible bill and to build broad- based support for what is , as I said a moment ago ...
... bill and financial modernization more gen- erally . I believe that these concerns should be addressed as fully as possible , both to have the best possible bill and to build broad- based support for what is , as I said a moment ago ...
Page 10
... bill in 1991 , but despite these efforts , Congress has never completed the legislative process . Predictably , in the absence of Congressional action , we have wit- nessed ongoing efforts by factions of the financial services industry ...
... bill in 1991 , but despite these efforts , Congress has never completed the legislative process . Predictably , in the absence of Congressional action , we have wit- nessed ongoing efforts by factions of the financial services industry ...
Contents
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Common terms and phrases
ability apply assets authority bank holding company bank subsidiaries bank's banking and commerce banking regulators believe bill broker-dealer capital Chairman Greenspan cial Committee Community Reinvestment Community Reinvestment Act competitive concerns conducted Congress consumer protection corporate depository institution discount window engage entities FDIC Federal banking Federal Reserve Federal Reserve Board Federal savings associations financial activities financial holding company financial services financial services industry financial system functional regulation Glass-Steagall Act going holding company affiliates holding company structure House insurance activities insurance agents insurance companies insurance regulator insurance sales insurance underwriting investment investors issue KOVACEVICH limited loans marketplace mergers mutual funds NASAA nonbank operating subsidiary percent permitted provisions in H.R. question regulatory requirements restrictions risk safety and soundness Secretary RUBIN Section securities firms sell insurance Senator SARBANES subsidy supervision Thank thrift charter thrift holding companies tion title insurance unitary thrift holding
Popular passages
Page 186 - Nation's banks, brings together all categories of banking institutions to best represent the interests of this rapidly changing industry. Its membership — which includes community, regional, and money center banks and holding companies, as well as savings associations, trust companies and savings banks — makes ABA the largest banking trade association in the country.
Page 419 - Commissioners (NAIC) is a voluntary organization of the chief insurance regulatory officials of the 50 states, the District of Columbia and four US territories.
Page 875 - State or local commission having regulatory jurisdiction over the debtor may raise and may appear and be heard on any issue in a case under this chapter, but may not appeal from any judgment, order, or decree entered in the case.
Page 365 - Before the Subcommittee on Telecommunications and Finance of the House Committee on Energy and Commerce...
Page 372 - Board may, whenever it has reasonable cause to believe that the continuation by a bank holding company of any activity or of ownership or control of any of its subsidiaries constitutes a serious risk to the financial safety, soundness, or stability...
Page 356 - Before the Subcommittee on Financial Institutions And Consumer Credit of the House Committee on Banking And Financial Services at 1-2 (Feb.
Page 385 - District's 1,200 banks failed to meet the "adequately capitalized" requirement under the prompt corrective action provisions of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA). Even more impressive is the fact that only 12 District banks failed to meet the tougher "well capitalized
Page 182 - Perhaps no modern commercial enterprise directly affects so many persons in all walks of life as does the insurance business. Insurance touches the home, the family, and the occupation or the business of almost every person in the United States.
Page 186 - Association brings together all categories of banking institutions to best represent the interests of the rapidly changing industry. Its membership — which includes community, regional and money center banks and holding companies, as well as savings associations, trust companies and savings banks — makes ABA the largest banking trade association in the country.
Page 419 - S. 340, which declares that the business of insurance and every person engaged therein shall be subject to the laws of the several states.