Modernize Banking...But With Care
Published: Jan 01, 1992. Publicly Released: Jan 01, 1992.
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Highlights
This article, which appeared in the GAO Journal, No. 15, Spring/Summer 1992, discusses: (1) the Glass-Steagall Act's separation of the banking sector from the securities industry; (2) proposed reforms that would grant banks new powers to participate in the securities field; and (3) other suggestions for bank reform that would improve economic efficiency and ensure safety and soundness.