`Financial Problems associated with the repeal of the Glass-Steagall Act of 1933`.

Running head : Depository Institutions and investment Banks regulations

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Date : April 22 , 2009

Depository Institutions and investment Banks regulations

Abstract

The banking system plays a very important role in the economy as it offers various regulatory measurers that assist in the running of this industry . The purpose of this literature review is to identify how depository institutions and the investment banks have been regulated by using the Glass-Seagall Act (1933 ) and how it needed to be amended via the Gramm-Leach-Bliley Act

. The Acts further define the business ethics that govern these financial institutions . In addition , they illustrate further how the removal of some of the limits has affected business operations and the economy . This is helpful as the major areas that need improvement can be identified thus creating room for ways and policies that can be developed to enhance the progress of these institutions Congress can use such measurers as a way of salvaging the failing economy

Introduction

Financial Regulations is important in business as it enhances the stability of the country through the various monetary policies in place This regulation is important as it enables business to act in proper manners in ensuring the safety of the financial assets and investments of businesses and individuals . The objectives of financial regulation therefore entail enhancing safety and soundness of the system through the enactment of proper policies and monitoring of depository institutions . This is important as it enhances consumer and investor protection . The current financial...