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Securities activities in banking conglomerates: should their location be regulated?

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Abstract

A review of the arguments as to whether the location of the securities unit in a banking conglomerate should be subject to regulation. The author contends that correcting the safety nets distortions and allowing banks to choose where to locate their securities units is better than retaining such distortions and relying on corporate separateness to limit the problems they may create.

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  • João A. C. Santos, 1997. "Securities activities in banking conglomerates: should their location be regulated?," Working Papers (Old Series) 9704, Federal Reserve Bank of Cleveland.
    • Handle: RePEc:fip:fedcwp:9704
    DOI: 10.26509/frbc-wp-199704
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    10. Kroszner, Randall S. & Rajan, Raghuram G., 1997. "Organization structure and credibility: Evidence from commercial bank securities activities before the Glass-Steagall Act," Journal of Monetary Economics, Elsevier, vol. 39(3), pages 475-516, August.
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    Cited by:

    1. João Santos, 1998. "Commercial Banks in the Securities Business: A Review," Journal of Financial Services Research, Springer;Western Finance Association, vol. 14(1), pages 35-60, July.
    2. Claessens, Stijn & Klingebiel, Daniela, 1999. "Alternative frameworks for providing financial services," Policy Research Working Paper Series 2189, The World Bank.

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