Regulating the New Financial Services Industry - Hardcover

Glassman, Cynthia A.; Pierce, James L.; Karmel, Roberta S.; LaFalce, John J.

Hardcover

ISBN 10: 0944237266 ISBN 13: 9780944237267

Publisher: UPA, 1988

Synopsis

The new financial services industryóincluding banks, thrifts, securities dealers, and insurance and real estate investment companiesóis big, diverse, complex, and international in scale. The U.S. regulatory agencies that oversee various parts of this system domestically have been trying for some time to come to terms with the effects of more than a decade of rapid change in the world financial sector. Borrowers and lenders, including individuals, corporations and institutions such as pension funds, have been reacting by making adjustments to their behavior as fast, or as prudently, as possible. In this volume, four leading analysts of this rapidly evolving industry offer proposals ranging from the creation of a new kind of consumer service bank to formation of a new kind of national regulatory agency intended to promote competition within what historically has not been a very competitive structure. Chapters include U.S. Financial Institutions in a World Market by Cynthia A. Glassman; Integrating Banking with Other Financial Services by James L. Pierce; After Glass-Steagall: Financial Institution Reregulation by Roberta S. Karmel; and Financial Restructuring and Its Implications for Consumers by John H. LaFalce. Also contains a glossary of relevant terms.

About this edition

• Publisher: UPA
• Publication date: 1988
• ISBN 10: 0944237266
• ISBN 13: 9780944237267
• Binding: Hardcover
• Number of pages: 90