The Increasing Integration and Competition of Financial Institutions and of Financial Regulation
ISBN: 978-0-76231-277-1, eISBN: 978-1-84950-391-4
Publication date: 1 January 2005
Abstract
Deregulation and other factors permit and encourage financial institutions to become more integrated, both within their own (financial) industries, such as banking and insurance, and across these industries. Financial regulators have responded with like integration. As financial institutions increasingly compete with firms from other industries and areas, financial regulators similarly compete more across borders. The resulting competition in financial regulation enhances innovation, choice, and efficiency. The advent of home-run regulation, which in general allows financial institutions to adhere only to the financial regulations of their home area and is spreading across the US and Europe, may allow numerous regulatory regimes within a given market.
Citation
Wilcox, J.A. (2005), "The Increasing Integration and Competition of Financial Institutions and of Financial Regulation", Chen, A.H. (Ed.) Research in Finance (Research in Finance, Vol. 22), Emerald Group Publishing Limited, Leeds, pp. 215-238. https://doi.org/10.1016/S0196-3821(05)22008-7
Publisher
:Emerald Group Publishing Limited
Copyright © 2005, Emerald Group Publishing Limited