Bank Holding Company Act
/ˈbæŋk ˈhoʊldɪŋ ˈkʌmpəni ækt/
Definitions
- (n.) A United States federal law regulating the actions of bank holding companies to prevent anti-competitive practices and ensure financial stability.
The Bank Holding Company Act restricts the types of non-banking activities bank holding companies can engage in.
Forms
- bank holding company act
- bank holding company acts
Related terms
See also
Commentary
Commonly cited in financial regulatory contexts, it empowers the Federal Reserve to oversee bank holding companies and restrict their activities to reduce systemic risk.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.