{"title":"The Financial Modernization Act: new perspectives for the finance curriculum","authors":"Erika W. Gilbert, William L. Scott","doi":"10.1016/S1057-0810(02)00096-3","DOIUrl":null,"url":null,"abstract":"<div><p>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 financial 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 financial services. The functional approach offers the finance curriculum a broad and flexible methodology for covering financial services.</p></div>","PeriodicalId":100530,"journal":{"name":"Financial Services Review","volume":"10 1","pages":"Pages 197-208"},"PeriodicalIF":0.0000,"publicationDate":"2001-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/S1057-0810(02)00096-3","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Financial Services Review","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1057081002000963","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 3
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 financial 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 financial services. The functional approach offers the finance curriculum a broad and flexible methodology for covering financial services.
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