What has been the likely effect of the Gramm-Leach-Bliley Act on financial? consolidation?
A. This legislation led to further consolidation of the banking? industry; however, it is likely that the costs of consolidation and nationwide banking will outweigh the benefits.
B. This legislation further stimulated financial consolidation of the banking industry.? Thus, more financial mergers are likely to? occur, which will increase both the size and complexity of financial institutions in the future.
C. This legislation placed limits on financial consolidation in the banking industry.? Thus, fewer financial mergers are likely to? occur, and there will be a larger number of smaller banks in the future.
D. The Gramm-Leach-Bliley Act was later appealed and thus has no impact on financial consolidation