WASHINGTON — Regulators have gotten off easy so far as financial services firms have taken tentative first steps to capitalize on the Gramm-Leach-Bliley Act, but tougher tests of the financial reform law’s outer limits loom on the horizon.

The Office of the Comptroller of the Currency has approved 60 financial subsidiaries since the enactment last year of Gramm-Leach-Bliley. Most were established to conduct noncontroversial activities, such as insurance sales or securities underwriting, that were clearly authorized by the law.

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