WASHINGTON — Three high-level bank regulators on Thursday reflected on a year’s worth of work implementing the Gramm-Leach-Bliley Act, expressing satisfaction with their accomplishments so far, disappointment that U.S. institutions have not taken full advantage of the new law, and abiding frustration with Congress for handing them a sometimes impossible task.

Federal Reserve Board Governor Laurence H. Meyer, Fed General Counsel J. Virgil Mattingly Jr., and Comptroller of the Currency John D. Hawke Jr. were among the speakers at a conference here, sponsored by the American Law Institute-American Bar Association, on the aftermath of the 1999 financial services reform law.

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