The Financial Modernization Act: New Perspectives for the ®nance Curriculum
نویسندگان
چکیده
The Financial Modernization Act (FMA) of 1999 permits banks, securities ®rms, and insurance companies to combine and compete with each other in all types of ®nancial 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 ®nance curriculum a broad and ¯exible methodology for covering ®nancial services.
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تاریخ انتشار 2001