Thanks for the informative post. I'd venture to say that very few people really dig into the Bank Company Holding Act. Worth noting that the BHCA was originally passed in 1956, with significant revisions in 1970 (which you refer to above). Key changes included the inclusion of one-bank holding companies, which were previously exempt, ensuring that all entities controlling banks were subject to Federal Reserve supervision. The amendments strengthened the Federal Reserve's authority to regulate nonbanking activities. Additionally, the updates eliminated certain exemptions that allowed some entities to evade regulation.
thanks !
Thanks for the informative post. I'd venture to say that very few people really dig into the Bank Company Holding Act. Worth noting that the BHCA was originally passed in 1956, with significant revisions in 1970 (which you refer to above). Key changes included the inclusion of one-bank holding companies, which were previously exempt, ensuring that all entities controlling banks were subject to Federal Reserve supervision. The amendments strengthened the Federal Reserve's authority to regulate nonbanking activities. Additionally, the updates eliminated certain exemptions that allowed some entities to evade regulation.
A wonderful breakdown of the BHCA. I appreciate your insight. It’s a damn shame that Buffett would have to eventually spinoff the bank.