CHAPTER 12 Milestones in Banking Legislation and Regulatory Reform
“In all that the people can individually do well for themselves, government ought not to interfere.”
Glossary of Terms
BHCA: Bank Holding Company Act.
Golden Parachute: A severance payment made to a manager upon termination of employment.
Sarbanes – Oxley Act: Legislation that mandated more restrictive corporate governance guidelines for publicly traded companies.
TBTF: Too Big to Fail.
GAO: General Accounting Office.
Narrow Bank: A bank that is restricted in its assets. The original narrow bank proposal called for all of the deposits to be invested in cash and government securities.
LLR: Lender of Last Resort.
Universal Bank: A financial intermediary that ...
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