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Universal Banking in the United States: What Could We Gain? What Could We Lose? New Edition
Author(s): Anthony Saunders (Author), Ingo Walters (Author)
- Publisher: Oxford University Press
- Publication Date: 6 Jan. 1994
- Edition: New
- Language: English
- Print length: 288 pages
- ISBN-10: 0195080696
- ISBN-13: 9780195080698
Book Description
The purpose of this book is to evaluate the case for and against eliminating the barriers that have so long existed between banking and other types of financial services in the United States. Universal Banking in the United States studies the consequences of bank regulation in the U.S. as it relates to competition in international financial markets. Anthony Saunders and Ingo Walter examine universal banking systems in other countries, especially Germany, Switzerland, and the U.K., and how they work. They then apply the lessons to U.S. banking, paying particular attention to the benchmarks of stability, equity, efficiency, and competitiveness against which the performance of national financial systems should be measured. In the end, the authors propose the outlines of a level playing field on which any number of forms of organization can grow in the financial services sector, in which universal banking is one of the permitted structures, and where regulation is linked to function.
Editorial Reviews
Review
"That powers will be expanded for U.S. banks is a foregone conclusion, the only question is when and how. In this book, Saunders and Walter provide bankers, regulators, and the public with a roadmap of both the consequences of permitting banks to offer different types of new activities and the experiences of foreign countries with alternative forms of universal banking."--George G. Kaufman, Loyola University
"Saunders and Walter explain why and how the U.S. can benefit from adopting a regulatory structure that simultaneously relaxes restraints on the activities of private institutions and tightens restraints on these institutions' government supervisors. The key to safely unfettering government-guaranteed private players is to ensure that sensible capital requirements are formulated and enforced."--Edward J. Kane, Boston College
"Universal Banking in the United States: What Could We Gain? What Could We Lose? New Edition by Anthony Saunders and Ingo Walter provides a very good exposition of the market, regulatory, and policy dimensions associated with developing a universal banking system in the United States. The book is highly recommended to those who would like to get a better understanding of the pros and cons of universal banking."--The Financier: ACMT
"The authors provide a wide-ranging, detailed survey of institutional differences in regulation and business practices of banking systems in various countries... this is a commendable book full of useful information, which provides a wealth of careful and accessible analysis for public policy makers, scholars, and graduate students interested in bank regulatory reform."--Journal of Economic Literature
Review
"That powers will be expanded for U.S. banks is a foregone conclusion, the only question is when and how. In this book, Saunders and Walter provide bankers, regulators, and the public with a roadmap of both the consequences of permitting banks to offer different types of new activities and the experiences of foreign countries with alternative forms of universal banking."--George G. Kaufman, Loyola University
"Saunders and Walter explain why and how the U.S. can benefit from adopting a regulatory structure that simultaneously relaxes restraints on the activities of private institutions and tightens restraints on these institutions' government supervisors. The key to safely unfettering government-guaranteed private players is to ensure that sensible capital requirements are formulated and enforced."--Edward J. Kane, Boston College
"Universal Banking in the United States: What Could We Gain? What Could We Lose? New Edition by Anthony Saunders and Ingo Walter provides a very good exposition of the market, regulatory, and policy dimensions associated with developing a universal banking system in the United States. The book is highly recommended to those who would like to get a better understanding of the pros and cons of universal banking."--The Financier: ACMT
"The authors provide a wide-ranging, detailed survey of institutional differences in regulation and business practices of banking systems in various countries... this is a commendable book full of useful information, which provides a wealth of careful and accessible analysis for public policy makers, scholars, and graduate students interested in bank regulatory reform."--Journal of Economic Literature
