translate English to French: Banks, insurance companies and trust companies were given expanded, overlapping and almost identical business and investment powers, together with the ability to own all types of ﬁnancial institutions as subsidiaries ("cross-pillar ownership").
Le gouvernement fédéral, conscient des changements que subissaient ces distinctions traditionnelles à l’étranger, entrepris de publier au cours des années 80 deux documents de discussion qui examinaient la situation du secteur ﬁnancier.