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.”

Abraham Lincoln

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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