Title: Universal banks, specialized banks and the regulation of financial services
Abstract: Abstract This chapter discusses the challenges that the financial regulators of industrial nations now face as a result of financial innovation and changes in the strategy of financial intermediaries. Generally speaking, the need for commercial banks to enter new businesses, given the decreasing importance of traditional financial intermediation, has led to a review of the means for regulating bank activity. This review has affected — and continues to affect — the separation of the classic financial intermediation activity from other activities, primarily securities trading and interests acquired by banks in other companies.
Publication Year: 1997
Publication Date: 1997-01-16
Language: en
Type: book-chapter
Indexed In: ['crossref']
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot