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BANKING ACT 1933 [1 record]

Record 1 1997-02-25

English

Subject field(s)
  • Laws of the Market (Economy)
  • Banking
CONT

Mr. Eugene Ludwig, the Comptroller of the currency and regulator of about a third of US banks, announced on Wednesday that he would allow banks to set up arm's length subsidiaries dealing in activities such as securities, insurance and leasing. It is a significant step in dismantling the restrictions on banks' activities made by the 1933 Glass-Steagall Act.

Key term(s)
  • Banking Act of 1933

French

Domaine(s)
  • Lois du marché (Économie)
  • Banque
CONT

Le Contrôleur de la monnaie, M. Eugène Ludwig, qui est l'autorité de tutelle de près d'un tiers des banques américaines, a en effet annoncé qu'il autoriserait ces dernières à mettre en place des filiales spécialisées dans les activités relatives aux valeurs mobilières, à l'assurance et au crédit-bail. Il s'agit d'une avancée considérable sur la voie de l'abolition de restrictions, énoncées par la loi Glass-Steagall de 1933, qui pèsent sur les activités des établissements bancaires.

Key term(s)
  • loi bancaire de 1933

Spanish

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