Deregulation of stockbroker commissions in 1970s
Deregulation of commissions paid to stockbrokers in 1970s.
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The Global Financial Crisis »The Global Financial Crisis
Long-term causes of the financial crisis? »Long-term causes of the financial crisis?
Unintended consequences of earlier public policy choices »Unintended consequences of earlier public policy choices
Investment banks incentivised to move into riskier activities »Investment banks incentivised to move into riskier activities
How were investment banks incentivised to increase risk? »How were investment banks incentivised to increase risk?
Deregulation of stockbroker commissions in 1970s
Booking stock trades was a comfortable living for Investment banks »Booking stock trades was a comfortable living for Investment banks
Competition brought thinner margins »Competition brought thinner margins
Deregulation brought competition »Deregulation brought competition
Helped to boost wealth of small investors »Helped to boost wealth of small investors
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