Abstract
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.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Copyright information
© 2000 Dimitris N. Chorafas
About this chapter
Cite this chapter
Chorafas, D.N. (2000). Regulators and the Wave of Mergers in Banking. In: New Regulation of the Financial Industry. Palgrave Macmillan, London. https://doi.org/10.1057/9780333977439_14
Download citation
DOI: https://doi.org/10.1057/9780333977439_14
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-41676-9
Online ISBN: 978-0-333-97743-9
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)