What Is the Financial Services Modernization Act of 1999? The Financial Services Modernization Act of 1999 is a law that serves to partially deregulate the financial industry. The law allows companies working in the financial sector to integrate their operations, invest in each other’s businesses, and consolidate. This includes businesses such as insurance companies, brokerage firms
What is Financial Services Agency? Financial Services Agency, or FSA, is a Japanese government entity responsible for overseeing banking, insurance, and securities and exchange. The role of the Financial Services Agency is to ensure the stability of Japan’s financial system; the protection of depositors, insurance policyholders, and securities investors. It is in charge of the
What Is the Financial Services Authority (FSA)? The Financial Services Authority (FSA) was the agency that regulated financial services in the United Kingdom between 2001 and 2013. The regulatory authority was formally divided in 2013 into the Financial Conduct Authority and the Prudential Regulation Authority of the Bank of England. Key Takeaways The Financial Services
What Is the Financial Services Roundtable? The Financial Services Roundtable (FSR) represented around 100 of the largest integrated financial services companies that provide banking, insurance, and investment products/services to American consumers. In 2018, the Financial Services Roundtable merged with the Clearinghouse Association, another financial lobbying organization. Key Takeaways Until 2018, the Financial Services Roundtable, a
What Are Financial Shenanigans? Financial shenanigans are actions designed to misrepresent the true financial performance or financial position of a company or entity. Financial shenanigans can range from relatively minor infractions involving merely a loose interpretation of accounting rules to outright fraud perpetuated over many years. Financial shenanigans may also include taking independent fraudulent actions, creating fraudulent
What is the Financial Stability Plan (FSP)? The Financial Stability Plan (FSP) was a memo published by the U.S. Treasury under the Obama administration in early 2009 that outlined the planned implementation of the Emergency Economic Stabilization Act of 2008. The FSP was not an independent policy itself, but rather a set of talk points summarizing
What Are Financial Statements? Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes. For-profit primary financial statements include the balance sheet, income statement, statement of cash
What Is Financial Structure? Financial structure refers to the mix of debt and equity that a company uses to finance its operations. This composition directly affects the risk and value of the associated business. The financial managers of the business have the responsibility of deciding the best mixture of debt and equity for optimizing the financial structure.
What Is Financial Therapy? Financial therapy merges finance with emotional support to help people cope with financial stress. Financial advisors and other professionals who are certified as financial therapists often provide therapy to clients in order to help them make logical monetary decisions and deal with any financial issues they might be facing. Financial therapy
What Is Financing? Financing is the process of providing funds for business activities, making purchases, or investing. Financial institutions, such as banks, are in the business of providing capital to businesses, consumers, and investors to help them achieve their goals. The use of financing is vital in any economic system, as it allows companies to purchase products
