Glass-Steagall Act and Instrument: Difference between pages

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''US.''
1.  


The Glass-Steagall Act, also known as the Banking Act of 1933, introduced banking reforms some of which were designed to control speculation.  
A generic term for securities and risk management contracts ranging from debt to negotiable deposits and bonds and including derivatives.  


Normally used to describe financial arrangements with short-term maturities.


The Act separated banks according to their business (commercial and investment banking).


It also founded on a temporary basis the Federal Deposit Insurance Corporation (FDIC) for insuring bank deposits. FDIC was made permanent by the Federal Deposit Insurance Act (FDIA) of 1935.  
2.  


A tool used by government in achieving its macroeconomic targets, for example interest rates.


It was enacted as an emergency response to the failure of nearly 5,000 banks during the Great Depression. It was repealed in 1999.
 
3.  
 
Abbreviation for financial instrument.




== See also ==
== See also ==
* [[Dodd-Frank]]
* [[Debt instrument]]
* [[Great Depression]]
* [[Derivative products]]
* [[Regulation Q]]
* [[Financial instrument]]
* [[Ring fence]]
* [[Interest rate]]
* [[Vickers Report]]
* [[Macroeconomics]]
* [[Money market instrument]]
* [[Negotiable instrument]]
* [[Security]]
* [[Short term]]
 
[[Category:Financial_risk_management]]

Revision as of 21:16, 10 August 2021

1.

A generic term for securities and risk management contracts ranging from debt to negotiable deposits and bonds and including derivatives.

Normally used to describe financial arrangements with short-term maturities.


2.

A tool used by government in achieving its macroeconomic targets, for example interest rates.


3.

Abbreviation for financial instrument.


See also