An Overview of the Gramm-Leach-Bliley Act and Brief Remarks on the Economy

Alfred Broaddus

Speech from Federal Reserve Bank of Richmond

Abstract: It has been a while since I had the pleasure of speaking to this group, and I've been looking forward to this dinner. I have to tell you I think I have become the designated RMA speaker. I've already spoken to the Richmond and Raleigh chapters this year, and later this spring I'll speak to the chapter in Northern Virginia. And I'm honored by this, because RMA is a great organization that provides fine service and support to the banking and financial industries. Typically when I speak to RMA groups I give a pretty standard talk on the economic outlook. I want to do things a little differently tonight. Late last year Congress passed - finally - and the President signed comprehensive banking legislation that obviously has important implications for the banking industry and indeed the whole financial sector going forward. So I'd like to start off with a few remarks about this legislation. But then I'll revert to my more usual form and conclude with some comments on the economy and monetary policy that I hope you will find useful in thinking about where we may be headed in the year 2000.

Date: 2000-02-17
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Persistent link: https://EconPapers.repec.org/RePEc:fip:r00034:101494

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