The Financial Modernization Act
new perspectives for the ®nance curriculum
DOI:
https://doi.org/10.1016/S1057-0810(02)00096-3Keywords:
Finance curriculum, Financial Modernization Act, Services, Institutions, Financial marketsAbstract
The Financial Modernization Act /(FMA) of 1999 permits banks, securities firms, and insurance companies to combine and compete with each other in all types of financial services. No longer are the names of ®nancial institutions synonymous with their particular products. This suggests moving from an ``institutional perspective'' that focuses upon the historical specializations of institutions, to a ``functional perspective'' that focuses upon the value added by ®nancial services. The functional approach offers the finance curriculum a broad and ̄exible methodology for covering Financial services. Copyright 2001 Elsevier Science Inc. All rights reserved.
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Copyright (c) 2001 Elsevier Science Inc.
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