• Print
  • Email
  • Share

Chicago Fed Letter, No. 166, June 2001
Do Markets React to Regulatory Information?

On November 12, 1999, banks received permission to become full-fledged financial service providers with the passage of the Gramm–Leach–Bliley (GLB) Act. The GLB Act permits banks and bank holding companies (BHCs) to convert to a financial holding company (FHC) structure and engage in a broader array of new activities, including merchant banking, as well as removing prior restrictions on their ability to offer insurance and securities products.



Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

Copyright © 2016. All rights reserved.

Please review our Privacy Policy | Legal Notices