By Ann B. Matasar
With the passage of the Riegle-Neal Interstate Banking and Branching potency Act and the Riegle neighborhood improvement and Regulatory development Act in 1994, a few americans celebrated the sunrise of a brand new banking period. those legislation, which supplied a few aid from rules, represented the 1st revision of the Glass-Steagall Act of 1933. within the intervening sixty years, the U.S. banking had gone through dramatic adjustments, either regionally and the world over, and but the legislation linked to banking remained fastened and intransigent. No quantity of regulatory flexibility or bankers' ingenuity was once capable of replacement absolutely for modernization of the banking legislation essential to preserve speed with the revolution within the banking and fiscal companies industries. the recent laws represented a quick realignment of yankee banking legislation with societal norms; as such, it generated confusion and uncertainty for plenty of bankers and their ingredients, for instance, stockholders, buyers, and staff. Matasar and Heiney study public facts because 1994 so that it will totally apprise students and practitioners of the alterations that experience irrevocably altered the panorama of yankee banking.
The Riegle-Neal Act and the Riegle Act have been the 1st blows to the dominance of Depression-era laws in banking. the second one was once the Gramm-Leach-Bliley monetary companies Modernization Act of 1999, which eradicated significant parts of the Glass-Steagall Act. This learn, which analyzes facts from 1994 to 1999, ably captures and isolates the consequences on American banking of the dual Riegle legislation on my own, with the famous exceptions of replaced situations which could have resulted from different environmental components (but no longer from different banking legislation). the point of interest this is on interstate banking stories. Matasar and Heiney's research finds the course that adjustments linked to the legislation are inclined to take and therefore serves as a baseline for destiny learn and analysis.
Read or Download The impact of geographic deregulation on the American banking industry PDF
Similar banks & banking books
Reforming the World Bank: Twenty Years of Trial - and Error
Within the many reports of the area financial institution a severe factor has been overlooked. whereas writers have checked out the Bank's political financial system, lending, stipulations, recommendation, possession and accounting for concerns reminiscent of the surroundings, this research appears to be like on the financial institution as a firm - if it is manage to do the task it truly is imagined to do and, if now not, what could be performed approximately it.
The Art of Better Retail Banking: Supportable Predictions on the Future of Retail Banking
"This new e-book on retail banking is either readable and cutting edge. Its research is surprisingly available in its variety, and the book's conclusions and predictions might be rightly concept scary. the client is gaining actual energy and this new book's insights at the value of management, the necessity to unharness creativity and to make a bank's IT and folks source interact extra successfully for purchaser delight are very important tips that could the form of destiny aggressive differentiation.
Financial Crisis and Bank Management in Japan (1997 to 2016): Building a Stable Banking System
This ebook explores the demanding situations confronted by means of the japanese economic system and the japanese banking following the monetary difficulty that emerged round the flip of the final millennium. the writer explores how the japanese monetary situation of the past due Nineteen Nineties engendered large restructuring efforts within the banking undefined, which ultimately resulted in much more sweeping adjustments of the commercial method and long term deflation within the 2000s.
- The IMF, World Bank and Policy Reform (Routledge Studies in Development Economics)
- Reforming the Financial Sector in Central European Countries (Studies in Economic Transition)
- The Internationalization of Banks: Patterns, Strategies and Performance (Palgrave Macmillan Studies in Banking and Financial Institutions)
- Debt, Risk and Liquidity in Futures Markets (Routledge International Studies in Money and Banking)
Extra resources for The impact of geographic deregulation on the American banking industry
Sample text
Additionally, the higher ceilings on insured accounts after DIDMCA made the insurance fund even more vulnerable. Until passage of the Federal Deposit Insurance Corporation Improvement Act Page 12 (FDICIA) in 1991, bankers could accept inappropriate risks without consideration of adverse consequences, a situation that led to the demise of many institutions. Finally, regulators also stimulated merger and acquisition activity among banks as the former became less concerned with protecting the dual banking system or antitrust legislation.
We remain appreciative and in her debt. She is an extraordinary colleague. S. GEOGRAPHIC BANKING REGULATION: THE LEGISLATIVE ODYSSEY The Backdrop to Regulation As a country of immigrants from all parts of the globe, the United States has been influenced since its founding by a variety of political and economic philosophies. This difference in weltanschauung or worldview has left its imprint throughout American life, including the laws of the land dating from the inception of the Constitution to the present.
1 (April 1972): pp. 151–176. 12. George J. Stigler, “The Theory of Economic Regulation,” Bell Journal of Economics and Management Science 2, no. 1 (spring 1971): pp. 3–21. 13. Sam Peltzman, “Toward a More General Theory of Regulation,” Journal of Law & Economics XIX, no. 2 (August 1976): pp. 211–240. 14. George W. Hilton, “Consistency of the Interstate Commerce Act,” The Journal of Law & Economics IX (October 1966): pp. 87–114. 15. Nicholas Economides, R. Glen Hubbard, and Darius Palia, “The Political Economy of Branching Restrictions and Deposit Insurance: A Model of Monopolistic Competition among Small and Large Banks,” Journal of Law and Economics, XXXIX, no.