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Financial Regulation: Industry Changes Prompt Need to Reconsider U.S. Regulatory Structure.

Publication: General Accounting Office Reports & Testimony
Publication Date: 01-DEC-04
Format: Online - approximately 542 words
Delivery: Immediate Online Access

Article Excerpt
GAO-05-61 October 6, 2004

In light of the passage of the 1999 Gramm-Leach-Bliley Act and increased competition within the financial services industry at home and abroad, GAO was asked to report on the current state of the U.S. financial services regulatory structure. This report describes...

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...the changes to the financial services industry, focusing on banking, securities, futures, and insurance; the structure of the U.S. and other regulatory systems; changes in regulatory and supervisory approaches; efforts to foster communication and cooperation...

NOTE: All illustrations and photos have been removed from this article.



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