Bank Powers. Activities of Securities, Subsidiaries of Bank Holding Companies
GENERAL ACCOUNTING OFFICE WASHINGTON DC GENERAL GOVERNMENT DIV
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The principal objective of our work was to identify how the activities of Section 20 firms have affected risk levels in their respective bank holding companies how these activities have affected the securities industry in terms of market share changes, the pricing of securities, and benefits to the consumer and how the Boards firewalls have affected bank holding companies. As requested, we also prepared information on bank holding company finances and the legal basis for securities activities of banking organizations that provides a broader context for discussing the activities of Section 20 companies. In addition, we identified several issues that Congress and regulators need to address when considering potential modifications to the regulation of Section 20 subsidiaries.
- Economics and Cost Analysis
- Sociology and Law