This balance is difficult to achieve, and the Board intends to give careful consideration to the comments it receives in response to the interim rule. The Board is committed to implementing this new law in a manner that is equitable and fair to all institutions and that ensures a sound and stable framework for the evolution of financial services in the United States.
Basel Committee on Banking Supervision In supervising financial holding companies, the Federal Reserve will need to consider not only the Gramm-Leach-Bliley Act but also the policies and actions of other agencies in this country and abroad. Fortunately, we have been working together for several years to deal with issues arising from activities of financial conglomerates.