Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Another Push Afoot to Resurrect Glass-Steagall Act,

Joe Mont | July 8, 2015

In what has become an annual event during her time in Congress, Sen. Elizabeth Warren (D-Mass.) has once again teamed up with Sen. John McCain (R-Ariz.) and Angus King (I-Maine) to file legislation that would restore and modernize the Glass-Steagall Act.

The bill, the 21st Century Glass-Steagall Act, seeks to separate traditional banks that hold savings and checking accounts insured by the Federal Deposit Insurance Corporation from financial institutions that offer higher-risk services such as investment banking, insurance, swaps dealing, and hedge fund and private equity activities. The legislation also separates depository...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.