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  • Glass-Steagall Act

    From jmschristophers@gmail.com@3:770/3 to All on Thursday, November 02, 2017 14:04:02
    This US statute currently requires banks to separate their retail business from
    their investment activities.

    I've been googling but have yet to find any reference to similar legislation in
    New Zealand?

    Can anyone help, please?

    --- SoupGate-Win32 v1.05
    * Origin: Agency HUB, Dunedin - New Zealand | Fido<>Usenet Gateway (3:770/3)
  • From JohnO@3:770/3 to jmschri...@gmail.com on Thursday, November 02, 2017 15:03:37
    On Friday, 3 November 2017 10:04:03 UTC+13, jmschri...@gmail.com wrote:
    This US statute currently requires banks to separate their retail business
    from their investment activities.

    I've been googling but have yet to find any reference to similar legislation
    in New Zealand?

    Can anyone help, please?

    Apparently this act has been ineffective for decades - banks and regulators have worked out ways to defeat it.

    --- SoupGate-Win32 v1.05
    * Origin: Agency HUB, Dunedin - New Zealand | Fido<>Usenet Gateway (3:770/3)
  • From jmschristophers@gmail.com@3:770/3 to JohnO on Thursday, November 02, 2017 16:11:19
    On Friday, November 3, 2017 at 11:03:38 AM UTC+13, JohnO wrote:
    On Friday, 3 November 2017 10:04:03 UTC+13, jmschri...@gmail.com wrote:
    This US statute currently requires banks to separate their retail business
    from their investment activities.

    I've been googling but have yet to find any reference to similar
    legislation in New Zealand?

    Can anyone help, please?

    Apparently this act has been ineffective for decades - banks and regulators
    have worked out ways to defeat it.

    When legislator and dodger are one and the same, how could it ever be otherwise?

    But thanks, anyway.

    --- SoupGate-Win32 v1.05
    * Origin: Agency HUB, Dunedin - New Zealand | Fido<>Usenet Gateway (3:770/3)
  • From JohnO@3:770/3 to jmschri...@gmail.com on Thursday, November 02, 2017 17:22:21
    On Friday, 3 November 2017 12:11:20 UTC+13, jmschri...@gmail.com wrote:
    On Friday, November 3, 2017 at 11:03:38 AM UTC+13, JohnO wrote:
    On Friday, 3 November 2017 10:04:03 UTC+13, jmschri...@gmail.com wrote:
    This US statute currently requires banks to separate their retail
    business from their investment activities.

    I've been googling but have yet to find any reference to similar
    legislation in New Zealand?

    Can anyone help, please?

    Apparently this act has been ineffective for decades - banks and regulators
    have worked out ways to defeat it.

    When legislator and dodger are one and the same, how could it ever be
    otherwise?

    But thanks, anyway.

    Given the apparent affinity for regulators and regulations in the USA, this was
    all a surprise to me.

    --- SoupGate-Win32 v1.05
    * Origin: Agency HUB, Dunedin - New Zealand | Fido<>Usenet Gateway (3:770/3)