In: Finance
Which of the following pieces of legislation introduced prompt corrective action (PCA) as well as risk-based deposit insurance premiums in 1993?
a. Garn-St. Germain Depository Institutions Act
b. Glass –Steagall Banking Act
c. Financial Institutions Reform, Recovery, and Enforcement Act
d. Federal Deposit Insurance Corporation Improvement Act
e. Riegle-Neal Interstate Banking and Branching Efficiency Act
Federal Deposit Insurance Corporation Improvement Act FDICIA introduced prompt corrective action (PCA) as well as risk-based deposit insurance premiums in 1993