Therefore, the ensuing body of law on the commerce and banking issue concentrated significantly on separating, or was inspired by desire to separate, banking from securities or banking from insurance. From the time of Corrigan's essay until passage of Gramm-Leach-Bliley, the banking industry had expanded substantially into both the securities and insurance agency fields, though significant restrictions still remained.
3/5  But our central bank is not losing focus. And indeed it should never lose focus. We are in the business of targeting inflation and not any other intermediate variable.