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Published in:
2000 | OriginalPaper | Chapter
Regulators and the Wave of Mergers in Banking
Author : Dimitris N. Chorafas
Published in: New Regulation of the Financial Industry
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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There is no evidence that regulators have interfered in banking mergers, other than to push a weak, nearly insolvent bank into the arms of a strong bank to save it from bankruptcy. But in early 1998 regulators did take action to stop the merger of two giant certified public accountancy firms because this would have reduced competition in the outsourcing of financial services.