# Glass-Steagall Act

*Regulation & Compliance — Finicade finance glossary*

Glass-Steagall separated commercial from investment banking in 1933 and created federal deposit insurance. Its separation provisions were repealed in 1999. Whether that repeal caused the 2008 crisis is genuinely disputed — the institutions that failed first were pure investment banks and thrifts that Glass-Steagall wouldn't have constrained — but it remains the most cited law in arguments about bank structure.

**Also known as:** Glass Steagall, banking act of 1933

**Related terms:** [Volcker Rule](https://finicade.com/glossary/volcker-rule), [Commercial Bank](https://finicade.com/glossary/commercial-bank), [Investment Bank](https://finicade.com/glossary/investment-bank), [Deposit Insurance](https://finicade.com/glossary/deposit-insurance), [Dodd-Frank Act](https://finicade.com/glossary/dodd-frank-act)

Source: https://finicade.com/glossary/glass-steagall-act