fed speech, 2006-03-01
Bank holding companies would still be required to become a financial holding company to engage in the types of expanded activities authorized by the GLB Act-including full-scope securities underwriting, insurance underwriting, and merchant banking activities--as well as any new activities that the Board determines under the GLB Act are 'financial in nature,' 'incidental to a financial activity' or 'complementary to a financial activity.'
Sentiment: neutral
Topic: governance