The Financial Modernization Act

new perspectives for the ®nance curriculum

Authors

  • Erika W. Gilbert Department of Finance, Insurance, and Law, 328 Williams Hall, Illinois State University, Normal, IL 61790, USA
  • William L. Scott Department of Finance, Insurance, and Law, 328 Williams Hall, Illinois State University, Normal, IL 61790, USA

DOI:

https://doi.org/10.1016/S1057-0810(02)00096-3

Keywords:

Finance curriculum, Financial Modernization Act, Services, Institutions, Financial markets

Abstract

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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Published

2001-12-30

How to Cite

Gilbert, E. W., & Scott, W. L. (2001). The Financial Modernization Act: new perspectives for the ®nance curriculum. Financial Services Review, 10(1-4), 197–208. https://doi.org/10.1016/S1057-0810(02)00096-3

Issue

Vol. 10 No. 1-4 (2001): Financial Services Review

Section

New Original Submission

License

Copyright (c) 2001 Elsevier Science Inc.

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