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By Ann B. Matasar

With the passage of the Riegle-Neal Interstate Banking and Branching potency Act and the Riegle group improvement and Regulatory development Act in 1994, a few americans celebrated the sunrise of a brand new banking period. those legislation, which supplied a few aid from legislation, represented the 1st revision of the Glass-Steagall Act of 1933. within the intervening sixty years, the U.S. banking had passed through dramatic adjustments, either locally and the world over, and but the legislation linked to banking remained mounted and intransigent. No quantity of regulatory flexibility or bankers' ingenuity was once capable of replacement totally for modernization of the banking legislation essential to preserve speed with the revolution within the banking and fiscal providers industries. the hot laws represented a speedy realignment of yankee banking legislation with societal norms; as such, it generated confusion and uncertainty for lots of bankers and their elements, for instance, stockholders, buyers, and staff. Matasar and Heiney learn public information on account that 1994 so that it will totally apprise students and practitioners of the alterations that experience irrevocably altered the panorama of yankee banking.

The Riegle-Neal Act and the Riegle Act have been the 1st blows to the dominance of Depression-era laws in banking. the second one was once the Gramm-Leach-Bliley monetary companies Modernization Act of 1999, which eradicated significant parts of the Glass-Steagall Act. This learn, which analyzes info from 1994 to 1999, ably captures and isolates the results on American banking of the dual Riegle legislation on my own, with the famous exceptions of replaced situations that can have resulted from different environmental elements (but no longer from different banking legislation). the point of interest here's on interstate banking studies. Matasar and Heiney's research unearths the path that adjustments linked to the legislation are inclined to take and hence serves as a baseline for destiny examine and analysis.

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