Exempt Banking Institutions Could Be Harmed If Exemptions Removed, But Not Likely To Affect Entire Industry
zCR - GAO Reports
Copyright © Targeted News Service, 2012
Copyright © Targeted News Service, 2012
2012-01-26
by KEN BLACK
WASHINGTON, Jan. 26 -- Some companies that own or control banks have been exempted from the Bank Holding Company Act of 1956, but removing those exemptions could have far-reaching consequences, the Government Accountability Office revealed.
In a report titled, "Bank Holding Company Act: Characteristics and Regulation of Exempt Institutions and the Implications of Removing the Exemptions" (Report No. GAO-12-160) the GAO said it was asked to look at the consequences involved in remo . . .
TARGETED NEWS SERVICE (founded 2004) features non-partisan 'edited journalism' news briefs and information for news organizations, public policy groups and other organizations. For more information contact MYRON STRUCK, editor, editor@targetednews.com, Springfield, Virginia; 703/304-1897; https://targetednews.com
WASHINGTON, Jan. 26 -- Some companies that own or control banks have been exempted from the Bank Holding Company Act of 1956, but removing those exemptions could have far-reaching consequences, the Government Accountability Office revealed.
In a report titled, "Bank Holding Company Act: Characteristics and Regulation of Exempt Institutions and the Implications of Removing the Exemptions" (Report No. GAO-12-160) the GAO said it was asked to look at the consequences involved in remo . . .
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TARGETED NEWS SERVICE (founded 2004) features non-partisan 'edited journalism' news briefs and information for news organizations, public policy groups and other organizations. For more information contact MYRON STRUCK, editor, editor@targetednews.com, Springfield, Virginia; 703/304-1897; https://targetednews.com