Latest SEC Spat Renews Old One Over 'Push-Outs'

Paletta, Damian
October 2004
American Banker;10/18/2004, Vol. 169 Issue 200, p1
Trade Publication
Examines how in 2004, five years after the Gramm-Leach Bliley Act became law, financial services executives still have not been told which securities activities can be performed by banks and which have to be "pushed out" to separate affiliates regulated by the Securities and Exchange Commission. Comments by SEC Chairman, William H. Donaldson, on a proposal expected to be finished by 2005; Description of the debate over the proposal.


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