Click the 'X' in the top right corner to close this window.
Financial Holding Company status
A company that owns a bank is defined under federal banking law as a Bank Holding Company (BHC). In 1999, Congress amended the law governing BHCs to allow them to engage in a much broader range of activities through nonbank subsidiaries if they elected, with Fed approval, to become a Financial Holding Company (FHC). The current financial crisis is causing many large financial firms to pursue or at least consider becoming FHCs.
Table of Contents
- What is a Financial Holding Company?
- Why the sudden interest among large financial organizations in financial holding company status?
- The process of becoming a FHC
- What it means to be a FHC for business activities, structure, and strategy
- Regulatory & supervisory considerations: The control environment
- Regulatory reporting requirements
- Compliance risk management
- How PwC can help
