For these reasons, we conclude that the Board is without authority under the BHCA
to require MCorp to transfer its funds to its troubled subsidiary bank.
13) Part III examines the current limitations of the Federal Reserve's Explicit Considerations of Interconnectedness in Financial Stability Analysis Under the BHCA
generally subjects BHCs to activity restrictions that
The passage of the Gramm-Leach-Bliley Act (GLBA) of 1999 further amended the BHCA
to enable a BHC to register as a financial holding company (FHC), thereby allowing the firm to engage in a broad range of financial activities, including securities underwriting and dealing, insurance underwriting, and merchant banking activities.
The GLBA also amended the BHCA
to permit financial services companies to engage in insurance through a non-bank subsidiary.
Another loophole developed when sharp-eyed lawyers realized that the 1970 BHCA
Amendments had defined a bank to be an institution that both made commercial loans and offered demand deposits.
On the other hand, the BHCA
bars banks from lending on the condition that the borrower buy other products as well.
, the Department of Justice and the federal banking agencies monitor bank behaviors, and private parties can sue for injunctive relief.
Highly flexible and greatly expandable, the Cuda PTM can scale up to 8,160 DS0/E0 ports and 900k BHCA
(busy hour call attempts) per card or over 96,000 ports and 10M BHCA
per Cuda chassis.
Most are members of the British Health Care Association BHCA
which last year paid out pounds 90 million in benefits.
3) This restriction, contained in section 106 of the amended BHCA
, was introduced in an environment in which banks were being given the power to expand into new activities; Congress therefore may well have been reacting to a fear that banks would use restrictive contracts to monopolize new markets.
It "grandfathered" consumer banks and made certain other banks (such as Utah industrial loan companies) exempt from both BHCA
and Glass-Steagall restrictions.