In this Article, the Securities Industry Association presents its perspectives on various legislative proposals currently being considered to redefine the role of commercial banks in the securities field. The author presents a history of the congressional policy that has defined permissible activities of commercial banks, and an overview of the securities activities of banks. The author then presents an examination of the various policy issues raised by bank participation in securities activities. The author concludes in calling for a reexamination of the Glass-Steagall Act and recommending that such a reexamination should proceed in the context of a comprehensive review of the laws and regulations bearing on the structure of financial institutions.
Securities Industry Association,
Public Policy Issues Raised by Bank Securities Activities,
San Diego L. Rev.
Available at: https://digital.sandiego.edu/sdlr/vol20/iss2/5