Are there any regulations or laws that investment banking specialists need to pay special attention to?

Investment Banking CertificationQuestion: Are there any regulations or laws that investment banking specialists need to pay special attention to?

Answer: While not very important on a day-to-day basis, investment banks were shaped by two laws: 1933’s Glass-Steagall Act forced banks to choose between investment banking and commercial banking (taking deposits), but 1999’s repeal of the act led to a wave of banking mergers (such as the combination of Merrill Lynch and Bank of America). More relevant to bankers today are accounting regulations, tax laws, antri-trust laws and other Securities & Exchange Commission regulations. Many of these can provide opportunities for bankers to conduct business, such as an anti-trust law that might force a company to sell a division (thus creating an M&A opportunity for bankers).

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