Banking Acts of 1979 and 1987

(redirected from Banking Act of 1987)

Banking Acts of 1979 and 1987

Two pieces of legislation in the United Kingdom. Under both Acts, the Bank of England has regulatory responsibility for British financial institutions.
References in periodicals archive ?
This proposal was adopted in the Competitive Equality Banking Act of 1987 in the form of bridge banks.
Chartered as a credit card bank under the Competitive Equality Banking Act of 1987, NNCB operates both the Nordstrom retail charge card and Nordstrom Visa charge card.
The Federal Reserve Act firewalls were expanded in 1987 with the addition of section 23B, passed as a provision of the Competitive Equality Banking Act of 1987 (CEBA).
Two statutes, the Competitive Equality Banking Act of 1987 (CEBA) and the Home Equity Loan Consumer Protection Act of 1988 (HELCPA), added new Truth-in-Lending requirements regarding credit linked to home equity.
Colonial National Bank USA is subject to an annual balance sheet growth constraint of 7 percent due to certain grandfathering provisions of the Competitive Equality Banking Act of 1987.
As a part of the Financial Institutions Reform, Recovery and Enforcement Act of 1989, the secretary of the treasury was instructed to study the feasibility of adopting laws or regulations similar to the United Kingdom Banking Act of 1987.
Another step recommended by the President, to which we attach great importance, is the requirement that savings and loan associations that do not meet the qualified thrift lender (QTL) test (60 percent of assets in residential-related lending) in the Competitive Equality Banking Act of 1987 must, after an appropriate transition period, become banks and be subject to the entire regulatory and supervisory regime applicable to banks and their holding companies.
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