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Business
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| Number of pages / Number of words: |
14 / 3714 |
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Under intense competitive pressure and rising costs, the number of independently owned financial institution is declining, victims of merger or in some cases failure.
Government will be under continuing pressure to amend and relax regulation against product line and geographic diversification and to loft or liberalize any restrictions placed on the cost of credit (interest rate) and currency prices...
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If government don not act to free more completely the financial institution they supervise from today's product line and geographic restrictions, no regulated financial intermediaries will move in and eventually drive out the more regulated financial institution from one market to other.
The more likely future development of deregulation will be the following:
1...
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