Banking Regulation: Its History and Future

North Carolina Banking Institute, Vol. 4, 2000

Florida International University Legal Studies Research Paper No. 10-48

66 Pages Posted: 6 Nov 2010

See all articles by Jerry W. Markham

Jerry W. Markham

Florida International University (FIU) - College of Law

Date Written: April 1, 2000

Abstract

This article traces the history of the growth and regulation of banking services in the United States. That history will show how the existing regulatory structure was developed in response to demands of the Civil War and a populist crusade against the “money trust.” That effort reached its zenith with the New Deal legislation of the 1930s, but began to fall apart as financial services consolidated. The article will then show how the financial services industries (banking, insurance, securities and derivatives) began to merge in their product base while at the same time separating on a fault line between institutional and retail customers. After reviewing this history, the article will discuss the future of banking regulation under the functional regulatory structure adopted by the recently adopted Gramm-Leach-Bliley Act for financial services holding companies.

Keywords: Banking, History, Regulation, Regulatory Structure, Money Trust, New Deal legislation, Gramm-Leach-Bliley Act, Financial Services, Bank of the United States, BUS, BUSes, Branch Banking, Monetary Policy, Thrifts, Glass-Steagall Act

Suggested Citation

Markham, Jerry W., Banking Regulation: Its History and Future (April 1, 2000). North Carolina Banking Institute, Vol. 4, 2000; Florida International University Legal Studies Research Paper No. 10-48. Available at SSRN: https://ssrn.com/abstract=1703142

Jerry W. Markham (Contact Author)

Florida International University (FIU) - College of Law ( email )

11200 SW 8th St.
RDB Hall 1097
Miami, FL 33199
United States

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