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.
CONTEXT(Help)
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The Global Financial Crisis »The Global Financial Crisis
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Long-term causes of the financial crisis? »Long-term causes of the financial crisis?
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Unintended consequences of earlier public policy choices »Unintended consequences of earlier public policy choices
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Investment banks incentivised to move into riskier activities »Investment banks incentivised to move into riskier activities
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How were investment banks incentivised to increase risk? »How were investment banks incentivised to increase risk?
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Allowing mixing of commercial and investment banking in 1990s »Allowing mixing of commercial and investment banking in 1990s
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Allowed commercial banks to compete with investment banks
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Unintended consequences of earlier public policy choices »Unintended consequences of earlier public policy choices
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