Convergence of Financial Systems and Regulatory Policy Chanllenges in Europe and in the United States
German unconstrained universal banking and the US market-based financial system are converging towards a middle ground but major obstacles remain. Full scale universal banking is beginning in the US but regulators are unprepared for the capital market consequences. Efforts to expand market finance in Germany have had modest success.
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|Date of creation:||1996|
|Date of revision:|
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