What is the deregulation of the banking industry?

What is the deregulation of the banking industry?

I regularly listen to about a deregulation of a banking attention in headlines articles as well as alternative web articles as well as blogs. They contend it happened in a 90′s. What happened? How was it deregulated? How limiting was it before?


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One Response to 'What is the deregulation of the banking industry?'

  1. Jim W - January 21st, 2010 at 11:59 pm

    Under the Glass Steagall Act, a bank could be an investment bank or a commercial bank, but not both.

    The Gramm-Leach-Bliley Act replaced the Glass Steagall Act, and is referred to as de-regulation, even though the act instituted new regulations.

    As a result of the de-regulation, you see more banks selling securities and more brokerages offering banking products.

    See Investopedia for details.


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