Why Volcker changed his mind on Glass-Steagall - opinion

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Why Volcker changed his mind on Glass-Steagall - opinion

In 1986, the Federal Reserve, led by Chairman Paul Volcker, began a series of actions that ultimately led to the demise of the Glass-Steagall Act. Allen & Overy's partner, Douglas Landy, assesses why Volcker has now changed his mind

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