Banking Acts of 1979 and 1987

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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.
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The FHLBanks' statutory lien was originally established by the Competitive Equality Banking Act of 1987 ("CEBA"), (8) and is thus often referred to as the "CEBA lien." Its goal was to improve the standing of the FHLBanks as secured creditors by giving them priority in receivership over lien creditors such as the Federal Deposit Insurance Corporation ("FDIC") acting as receiver or conservator.
This proposal was adopted in the Competitive Equality Banking Act of 1987 in the form of bridge banks.
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).
8 The Competitive Equality Banking Act of 1987 (CEBA) created a special program for banks with total assets less than $100 million and agricultural loans that exceeded 25 percent of their total loans.
in Minneapolis in the late 1980s when ITT formed First Consumers National Bank, the first credit card bank created under the Competitive Equality Banking Act of 1987. Levin was named CEO.
Banking Act of 1987. Such an engagement would provide needed services to both the financial institution and regulatory authorities, while returning the risk an auditor can accept to a level consistent with the concept of "reasonable, but not absolute, assurance."
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.(13) Also, in late 1988, the Federal Reserve adopted new capital adequacy guidelines.(14) The guidelines establish a framework that makes regulatory capital requirements more sensitive to differences in credit-risk profiles among banking organizations.
(2) Two such laws enacted during the 100th Congress are the Competitive Equality Banking Act of 1987 (Public Law 100-86; Aug.
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. That act provides a statutory defense to alleged breaches of an auditor's duty of confidentiality due to communications to the Bank of England, providing the communications are made in good faith.
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