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Fin. services competitive barriers blasted. (US Treasury Dept. report on competition among different types of financial services)
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Laws barring competition between providers of different financial services no longer make sense and cannot be enforced in any rational way, according to a report issued by the U.S. Treasury Department.
"The old product-fine barriers sequestering banks from other institutions have now become so porous as to hinder open competition without serving any clear public policy purpose at all," the report says.
"They have become, largely, rules that are there becaus...
Related newspaper, magazine, and journal articles from HighBeam Research
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Treasury report: time is right to break with past in financial services regulation.(US Department of the Treasury report calls for elimination of barriers barring competition between various financial services providers)
National Underwriter Life & Health-Financial Services Edition
; Washington Laws barring competition between providers of different financial services no longer make sense and cannot be enforced in any rational way, according to a new report issued by the Treasury Department. The old product-line barriers sequestering banks from other institutions have now
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Foreign investors to focus on financial services sector: Report
China Daily
; China's banking, private wealth management and capital market sectors will be the key focus points for foreign investment in the next five years, a new Mercer Oliver Wyman report has said. The report said that the consolidation of banks and exchanges and innovation of financial products and
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Financial services outsourcing hot says report.(Datamonitor report on business process outsourcing)(Brief Article)(Industry Overview)
EuropeMedia
; EUROPEMEDIA-(C)2003 Van Dusseldorp & Partners - httpwww.vandusseldorp.com/ A new report by market analysts Datamonitor predicts that spending by European financial services institutions on IT outsourcing is set to grow by 27 per cent between 2002 and 2005. The report, 'IT and Business Process
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Greater competition to follow integration; European Commission report looks forward to single financial services market.
Investment Adviser
; By James Mawson intermediaries will face increased competition resulting in lower fees under further European financial integration, a report has claimed. The report, Quantification of the Macro-Economic Impact of Integration of EU Financial Markets, said lower brokerage and transaction fees and
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City's financial services sector at risk, report says [Corrected 03/ 29/07] Chamber-backed study blames area's high costs, complicated regulations
The Boston Globe
; High costs, complicated regulatory and tax structures, and stiff competition for back-office jobs from low-cost areas in the United States and overseas threaten Boston's longtime position as a center of the financial services industry, according to a report to be released today. For the past
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