Banking/Addendum: Difference between revisions
< Banking
Jump to navigation
Jump to search
imported>Nick Gardner No edit summary |
imported>Nick Gardner |
||
| Line 30: | Line 30: | ||
==European banking legislation== | ==European banking legislation== | ||
* Directive 2006/48/EC[http://eur-lex.europa.eu/LexUriServ/site/en/oj/2006/l_177/l_17720060630en00010200.pdf] | * EC Directive 2006/48/EC[http://eur-lex.europa.eu/LexUriServ/site/en/oj/2006/l_177/l_17720060630en00010200.pdf], 2006 | ||
* Commission Directive 2009/27/EC[http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2009:094:0097:0099:EN:PDF] of 7 April 2009 | |||
==Reserve ratios== | ==Reserve ratios== | ||
Revision as of 02:43, 1 February 2010
United States Banking Law
- National Bank Act of 1864
- Established a national banking system and the chartering of national banks.
- Federal Reserve Act of 1913
- Established the Federal Reserve System
- Amendment of the National Banking Laws and the Federal Reserve Act
- (also known as The McFadden Act) Prohibited interstate banking.
- Banking Act of 1933 .
- (also known as the Glass-Steagall Act). Created the Federal Deposit Insurance Corporation. Separated commercial banking from investment banking.
- Bank Holding Company Act of 1956
- Required Federal Reserve Board approval for the establishment of a bank holding company. Prohibited bank holding companies in one state from acquiring a bank in another state.
- International Banking Act of 1978 .
- Brought foreign banks within the federal regulatory framework. Required deposit insurance for branches of foreign banks engaged in retail deposit taking in the U.S.
- Depository Institutions Deregulation and Monetary Control Act of 1980[1]
- Provided for the gradual elimination of all limitations on the rates of interest which are payable on deposits and accounts
- Depository Institutions Act of 1982
- (also known as Garn-St Germain). Expanded FDIC powers to assist troubled banks.
- Securities Industry Association v. Board of Governors (1984)[2]
- Following a series of Supreme Court interpretations that relaxed the restrictions of the Glass-Steagall Act, the Court allowed a bank holding company to operate a discount brokerage firm.
- Gramm-Leach-Bliley Act of 1999
- Repealed the Glass Steagall Act of 1933, and introduced other changes including expanding the Federal Home Loan Bank System.
- Wall Street Reform and Consumer Protection Act of 2009[3]
- ( See also the FDIC's "Important Banking Legislation" [4])
European banking legislation
- EC Directive 2006/48/EC[5], 2006
- Commission Directive 2009/27/EC[6] of 7 April 2009
Reserve ratios
(Bank equity, per cent of assets)
1880 1920 1940 1980 2005 United States 24 11 10 5 United Kingdom 11 5 5 5 4
(Source: Andrew Haldane Banking on the State, Bank for International Settlements[7])