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The Expansion of Corporate Groups in the Financial Services Industry: Trends in Financial Conglomeration in Major Industrial Countries

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  • Financial Systems and Bank Examination Department

    (Bank of Japan)

Abstract

In recent years, a growing number of financial services companies in major industrial countries have begun to make inroads into each other's sectors, spurred by changing financial needs, innovations in financial engineering, deregulation, and a variety of other trends and developments. These companies include banks, securities companies, insurers, and even consumer finance and asset management/advisory firms. Among the most significant developments is the expansion of financial conglomerates, groups of financial institutions and firms that offer a wide range of services. Financial conglomerates have become notable in recent years for their growing size and the increasingly global nature of their operations.

Suggested Citation

  • Financial Systems and Bank Examination Department, 2005. "The Expansion of Corporate Groups in the Financial Services Industry: Trends in Financial Conglomeration in Major Industrial Countries," Bank of Japan Research Papers 2005-12-28, Bank of Japan.
    • Handle: RePEc:boj:bojron:05-e-1228b
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    File URL: http://www.boj.or.jp/en/research/brp/ron_2005/data/ron0512b.pdf
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    References listed on IDEAS

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    Cited by:

    1. Yoo, Y. Emilie, 2013. "Financial regulation and supervision across business lines in the United States: Financial holding companies post Gramm-Leach-Bliley Act," IMFS Working Paper Series 76, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).

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