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Essay / Research Paper Abstract
This 5 page paper considers the impact of this act, also known as the Gramm-Leach-Bliley Act. The paper examines the argument that the act will result in a few large financial superstores with oligopoly characteristics. The paper then discusses whether the limitation of assets of these larger companies may be seen as a single limitation measure. The bibliography cites 5 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEGLBact.rtf
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Unformatted sample text from the term paper:
limitation of assets of these larger companies may be seen as a single limitation measure. The bibliography cites 5 sources. TEGLBact.eps
The Impact of the Financial Services
Modernization Act of 1999 in the Financial Services Sector Written United Kingdom, April 2001 To Use
This Report Correctly, The role of financial services has been to provide services for both the industrial or commercial
user as well as the domestic user. There have often been debates in the area as to whether or not size is an issue. There are those that believe the
bigger a financial institutions, the better, as it will be more stable and have a more secure grounding. Other have states that the more smaller companies exist the greater the
competition, keeping down prices and increasing the customer services. With the introduction of the Gramm-Leach-Bliley Act it has been argued that there will be a propensity to the amalgamation and
merger of companies, so that the market place will be dominated by large companies. This in turn will result in the necessity for direct government involvement due to the size
of the companies. Therefore the companies may be too big to fail, but this is not the limitation of the potential impact on the industry, and the impact on
the resulting larger companies may also be seen ad far reaching on their customers and the industry in which they operate. Here we will discuss the impact that this may
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