QUESTION 19 Match the following pieces of bank legislation with the correct description McFadden Act DIDMCA FDICIA Glass-Steagall Riegle-Neal Gramm-Leach-Blley Sarbanes-Oxley Dodd-Frank A Deregulated the savings & loan industry in order to allow it to compete more effectively against new innovations but ultimately resulted in the savings & loan crisis B. A response to financial statement fraud by some large public companies it sought to reduce the likelihood of future occurrences, to reduce conflicts of interest, and to make the CEO and CFO explicitly responsible for the company's financials C. Created the bank deposit insurance system for U.S. banks and also separated the commercial banking and securities industries D. Prohibited banks from branching across state lines in order to reduce competition between the banks and promote soundness of the US. banking system E. Recapitalized the FDIC insurance system which had been depleted by the savings & loan crisis F. Repealed the separation of commercial banking from the securities industry and led to consolidation among financial institutions G. Sweeping legislation designed to address a number of factors that contributed to the 2008 Financial Crisis H. Removed the branching restrictions causing consolidation in the banking industry