Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Business
Financial Integration And Scope Efficiency: Post Gramm-Leach-Bliley, Yuan Yuan
Financial Integration And Scope Efficiency: Post Gramm-Leach-Bliley, Yuan Yuan
Risk Management and Insurance Dissertations
The enactment of the Gramm-Leach-Bliley Act of 1999 promised the most fundamental reform to be made in U.S. financial services regulation in more than half a century. The Gramm-Leach-Bliley Act (GLB) removed barriers that forced separation between commercial banks, investment banks, and insurance companies; and it allowed subsidiaries of banks or insurance companies to engage in a broad range of financial activities that were not permitted for banks or insurers themselves. Few doubted the potential for GLB to have a profound impact on financial service providers and on the financial market. However, there is a striking lack of empirical research …