Financial Industry Consolidation: The Convergence of Financial Products and the Implications for Regulatory Reform

67 Pages Posted: 6 Aug 2010 Last revised: 23 Aug 2010

Date Written: January 24, 2007

Abstract

This paper addresses convergence of financial products in the U.S. marketplace and the question of how better to regulate an industry offering financial products with overlapping features. This paper examines the various distinct regulatory functions and analyzes whether a more purely functional approach to regulation would be workable.

Keywords: Convergence, Consolidation, Regulation, Financial, Banks, Securities, Gramm-Leach-Bliley Act, AEI, Insurance, What Is A Financial Product, Deposit, Hybrid, Functional Regulation

Suggested Citation

Fein, Melanie L., Financial Industry Consolidation: The Convergence of Financial Products and the Implications for Regulatory Reform (January 24, 2007). Available at SSRN: https://ssrn.com/abstract=1654383 or http://dx.doi.org/10.2139/ssrn.1654383

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