What are some significant historical regulatory changes in the finance sector?
An example of an AI chatbot conversation about historical regulatory changes in finance.
What are some significant historical regulatory changes in the finance sector?
Some significant changes include the Glass-Steagall Act of 1933, which separated commercial and investment banking.
What impact did the Glass-Steagall Act have on the banking industry?
It reduced the risk of financial speculation and helped stabilize the banking system during the Great Depression.
Are there any recent regulatory changes that have affected the finance sector?
Yes, the Dodd-Frank Act of 2010 was a major reform aimed at reducing risks in the financial system after the 2008 crisis.
How do these regulations affect consumers?
Regulations like Dodd-Frank aim to protect consumers by increasing transparency and reducing the likelihood of financial crises.
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