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Regulators and the Wave of Mergers in Banking

In: New Regulation of the Financial Industry

Author

Listed:
  • Dimitris N. Chorafas

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.

Suggested Citation

  • Dimitris N. Chorafas, 2000. "Regulators and the Wave of Mergers in Banking," Palgrave Macmillan Books, in: New Regulation of the Financial Industry, chapter 14, pages 230-248, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-97743-9_14
    DOI: 10.1057/9780333977439_14
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