Financial Definition of Glass-Steagall Act
Meaning of Glass-Steagall Act
A 1933 act in which Congress forbade commercial banks to own, underwrite, or deal in corporate stock and corporate bonds.
Related Entries of Glass-Steagall Act in the Encyclopedia of Law Project
Browse or run a search for Glass-Steagall Act in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Glass-Steagall Act in Historical Law
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Legal Abbreviations and Acronyms
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Glass-Steagall Act in Global Commerce Policy
In this regard, a definition of this issue is as follows: the United States Bank Act of 1933, largely repealed in 1999. The entries on trade policy are here. It separated commercial and investment banking. Banks, including foreign bank branches and subsidiaries, could not underwrite or deal in securities of non-governmental issuers. See also financial services.[1]
Glass-Steagall Actin the wold Encyclopedia
For an introductory overview on international trade policy, see this entry.
Resources
Notes and References
- Dictionary of Trade Policy, “Glass-Steagall Act” entry (OAS)
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