Financial Services Modernization Act of 1999
GPTKB entity
Statements (63)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
legislation
|
| gptkbp:addressed |
privacy of financial information
|
| gptkbp:amends |
banking regulations
consumer financial protection laws financial regulation framework Federal Securities Laws financial services competition dynamics financial services landscape financial services regulatory landscape investment banking regulations Bank_Holding_Company_Act |
| gptkbp:createdBy |
gptkb:Financial_Services_Regulatory_Relief_Act
new business models in finance new regulatory challenges |
| gptkbp:criticism |
lack of regulatory oversight
|
| gptkbp:effectiveDate |
November 12, 1999
|
| gptkbp:enactedBy |
gptkb:United_States_Congress
Glass-Steagall_Act_provisions |
| gptkbp:established |
gptkb:Consumer_Financial_Protection_Bureau
|
| gptkbp:facilitates |
cross-industry financial services
|
| https://www.w3.org/2000/01/rdf-schema#label |
Financial Services Modernization Act of 1999
|
| gptkbp:impact |
mortgage lending practices
financial advisory services investment banking practices credit markets increased competition in financial services financial services employment trends |
| gptkbp:influenced |
financial crisis response
2008 financial crisis global financial markets banking sector profitability financial industry deregulation financial services marketing strategies financial services technology adoption retail banking practices subprime mortgage market financial_technology_development |
| gptkbp:ledTo |
increased scrutiny of financial institutions
increased market volatility greater consumer choice deregulation of insurance companies increased consumer debt levels increased financial literacy initiatives increased financial sector lobbying. increased risk in financial markets mergers of financial institutions |
| gptkbp:opposedBy |
consumer advocacy groups
|
| gptkbp:promoted |
consolidation in the banking sector
|
| gptkbp:renovated |
gptkb:Gramm-Leach-Bliley_Act
|
| gptkbp:requires |
financial institutions to disclose privacy policies
|
| gptkbp:resultedIn |
greater financial innovation
changes in investment strategies new financial products new compliance requirements creation of financial holding companies greater emphasis on risk management greater financial interdependence greater focus on consumer protection |
| gptkbp:signature |
gptkb:Bill_Clinton
|
| gptkbp:supportedBy |
financial industry lobbyists
|
| gptkbp:updates |
cross-border financial activities
consumer access to financial products availability of credit |