Definition:
Gramm-Leach-Bliley Act
Back to Finance Glossary | Previous Page
The Gramm-Leach-Bliley Act, also known as the Financial Services Modernization Act, is a U.S. federal law approved in 1999 permitting common ownership of banks, securities firms and insurers.Under the Act, ownership can be maintained through financial holding companies or subsidiaries if they are well-capitalized, well-managed and granted regulatory approval.
Latest Articles Related to Gramm-Leach-Bliley Act
Back to Finance Glossary | Previous Page
This web site is intended only to convey information. It is not to be construed as an investment guide or as an offer or solicitation of an offer to buy or sell any securities. The author has taken all usual and reasonable precautions to determine that the information contained in this website has been obtained from sources believed to be reliable.
