Glass-Steagall Act
/ˈɡlæs ˈstiɡəl ækt/
Definitions
- (n.) A U.S. federal law enacted in 1933 separating commercial and investment banking to reduce financial risk and conflicts of interest.
The Glass-Steagall Act was central to banking regulation until key provisions were repealed in 1999.
Forms
- glass-steagall act
- glass-steagall acts
Related terms
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Commentary
Commonly cited in discussions about financial stability and regulatory reform; refer to specific provisions when detailing regulatory effects.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.