The Financial Services Modernization Act of 1999

question 66

Multiple Choice

The Financial Services Modernization Act of 1999

• A)stipulates that a financial services holding company that engages in commercial banking, investment banking, and insurance activities will be functionally regulated.
• B)restricts bank holding companies from opening insurance underwriting affiliates.
• C)requires banks that underwrite and sell insurance to operate under federal rather than state regulations as insurance companies.
• D)All of the options.
• E)None of the options.

---

Definitions:

Organizational Learning

The process through which organizations develop, enhance, and transfer knowledge and skills, improving over time.

New Knowledge

Information, understanding, or skills acquired through study, research, or experience that was not previously possessed.

Acquiring

The process of obtaining or gaining possession of something, often through purchase or negotiation.

Generic Change Program

A broad, non-specific approach to implementing change within an organization that is not tailored to the unique needs or characteristics of that organization.