Financial Services Of Modernization Act Of 1999

1410 WordsJul 4, 20166 Pages
The Gramm-Leach Bliley Act also likewise termed as The Financial Services of Modernization Act of 1999 fundamental thought is that the obstructions among saving money, security and insurance agencies were expelled and not permitted to offer financial services as a part of general operations. It does not permit the combination of investment, commercial bank and an insurance company. Summarize the main idea of BITS Shared Assessment Program The BITS Shared Assessment Program is created by major money related partnerships to ingrain speed, efficiency, cost savings, consistency and institutionalization into the administration supplier assessment process. It discards redundancies which improve the security and gets things going in a faster, less expensive and beneficial way. The major financial organizations has made the BITS Shared Assessment Program to impart speed, productivity, cost savings, consistency and institutionalization into the service provider assessment process. The BITS Shared Assessment Program is made by major money related organizations toingrain speed, proficiency, cost investment funds, consistency and institutionalization into the service provider assessment process. It eliminates redundancies which enhance the security andmakes things happen in a faster, cheap and efficient way. Government: Summarize the main idea of the Federal Information Security Management Act of 2002 The Federal Information Security Management Act of 2002 generally known as

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