Allowed commercial banks to compete with investment banks
Elimination of the Glass-Steagall Act's restrictions on mixing commercial and investment banking, enabled the commercial banks to compete with investment banks for the investment bank's traditional work.
Immediately related elementsHow this works
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The Global Financial Crisis Â»The Global Financial Crisis
Long-term causes of the financial crisis? Â»Long-term causes of the financial crisis?
Unintended consequences of earlier public policy choices Â»Unintended consequences of earlier public policy choices
Investment banks incentivised to move into riskier activities Â»Investment banks incentivised to move into riskier activities
How were investment banks incentivised to increase risk? Â»How were investment banks incentivised to increase risk?
Allowing mixing of commercial and investment banking in 1990s Â»Allowing mixing of commercial and investment banking in 1990s
Allowed commercial banks to compete with investment banks
Unintended consequences of earlier public policy choices Â»Unintended consequences of earlier public policy choices
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