Titlebook: International Competitiveness in Financial Services; A Special Issue of t Marvin H. Kosters,Allan H. Meltzer Book 1991 Kluwer Academic Publ

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The Corporate Structure of Financial Conglomerates,h other financial services. We refer to such firms as financial conglomerates—a category that includes universal banks, multiproduct bank holding companies, and other diversified financial firms that perform basic banking functions. We address the question of how the regulation of the basic banking

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The Corporate Structure of Financial Conglomerates,anies, and other diversified financial firms that perform basic banking functions. We address the question of how the regulation of the basic banking business in the United States should be organized in a world economy in which American banks must compete with financial conglomerates.

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Commentary: ,,essary flaws in our bank regulatory system are holding our banks back—the Glass-Steagall Act, the McFadden Act, and the Bank Holding Company Act, among others. If these flaws were corrected, U.S. banks would be more competitive.