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

Joao Santos

No 9704, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

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.

Keywords: Securities; Bank holding companies (search for similar items in EconPapers)
Date: 1997
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DOI: 10.26509/frbc-wp-199704

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