The-definition.com

Definition

Financial Modernization Act of 1999

Financial Modernization Act of 1999 is a federal law that allows banks, insurers, investment firms, and other financial institutions to enter and compete in each other’s financial markets.

Share it:  Cite

More from this Section

  • Market equilibrium
    Market equilibrium is a situation occurring when the quantity that people are willing ...
  • Alpha
    Alpha is a measure of risk-adjusted performance. An alpha is usually generated by regressing ...
  • Long-term forward contracts
    Long-term forward contracts— contracts that state any exchange rate at which a specified ...
  • Special drawing rights (SDRs)
    Special drawing rights (SDRs) is an IMF-issued paper substitute for gold that functions ...
  • Foreign Direct Investment (FDI)
    Foreign Direct Investment (FDI) refers to purchase of physical assets, such as plant and ...