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Economic Commentary

Regulation and the Future of Banking

The future of banking cannot be discussed without talking about regulation. Simply put, regulation is what has defined banking as we know it. For more than 60 years, the Glass-Steagall Act has defined what a banking organization has been allowed to do; the Douglas and other bank holding company acts have defined the corporate form required to do it; the national or state banking authorities, deposit insurance agencies, and Federal Reserve have defined how to do it; and their supervisors and examiners have tried to ensure that it was done that way.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit clevelandfed.org for updates.

Suggested Citation

Jordan, Jerry L. 1995. “Regulation and the Future of Banking.” Federal Reserve Bank of Cleveland, Economic Commentary 8/1/1995.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International