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Diane Publishing Books
Mixing of Banking and Commerce: The 43rd Annual Conference on Bank Structure and Competition: Proceedings
Douglas D. Evanoff (ed)
The separation of banking and commerce (B and C) was codified in the U.S. with the passage of the Glass-Steagall Act of 1933 and the 1956 Bank Holding Co. Act. The Gramm-Leach-Bliley Act of 1999 allowed the mixing of commercial banking and other financial activities but explicitly maintained the separation of banking and commercial activities. There are numerous public policy issues assoc. with the potential mixing of B and C. For ex., what is the history of the mixing of B and C in the U.S. and in other countries? Are the assoc. costs and benefits of this mixing quantifiable? If the decision is made to allow the mixing, how should it occur? Members of the industry focused on these issues and offered their policy prescriptions. Illustrations.
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