Financial services modernization act


Please provide a 5 to 7 page response in regards to the Risk Policy attachment. Please give your response through attachment only.

Discuss the goals of public risk policy and assess the performance of overall US risk policy in the era 1999-2013. Cite specific legislation and economic incidents, as well as supporting data and analyses to make your case.

1999 was the year of the Financial Services Modernization Act -- the one that killed off Glass-Steagall.

https://en.wikipedia.org/wiki/Gramm%E2%80%93Leach%E2%80%93Bliley_Act

This imposed grave risks on the economy and many feel it was a large cause of the financial crisis; others feel it was not primary or even critical.

The question asks you to assess whether legislation did its job of adequately managing broad economic risks for all the citizens of the US (and perhaps beyond these borders) or if it instead imposed undue risks on some or all.

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